Ridgebury continues bargain tanker hunt with deal for six MRs

Over the last couple of years, Bob Burke-led Ridgebury Tankers has become famous for taking advantage of low asset values. This week brokers report that Ridgebury has opened up for more middle-aged product tankers.

Ridgebury has moved for six International Seaways-owned 49,000 dwt Hyundai Mipo-built MR tankers, built between 2006 and 2008. The ships reported sold are identified as the Atlantic Gemini, Assos, Anemos I, Akeraios, Atlantic Breeze and Citrus. A price tag of $61m has been attached to this latest deal.

A couple of weeks ago, Splash reported that Ridgebury had laid down around $24m on the table for two 15-year-old MRs from Dee4 Capital.

Hans Thaulow

Hans Henrik Thaulow is an Oslo-based journalist who has been covering the shipping industry for the last 15 years. As well as some work for the Informa Group, Hans was the China correspondent for TradeWinds. He also contributes to Maritime CEO magazine. Hans’ shipping background extends to working as a shipbroker trainee with Simpson, Spence & Young in Hong Kong.
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