Tankers Inc sees product carrier opportunities in 2013

Talking to Seatrade Global last week at Sea Asia 2013 Skov, ceo of Tankers Inc, was upbeat about the opportunities currently available in the market. At present the company has two LR1 product tankers on the water and manages six vessels for Nordic Shipholding.

“We are looking at any opportunity within the product tanker industry whether its mergers and acquisitions, secondhand vessels or newbuildings,” Skov said. “As of now we are already in various processes and believe 2013 is a good year to make investments.

“In a year’s time I am sure you will see a company with a portfolio of secondhand vessels within the categories of MR, LR1 and potentially LR2 and there will be a few newbuilding vessels on order as well,” he said.

Skov did not disclose any of the specific opportunities the company is looking at.

The company has targeted the product tanker sector as this is where based its analysis it sees the most opportunities and the experience its own management has in that trade.

He explained there was no cap to the size of investment of the company would look at be it big or small. The company has strong backing with its major shareholders comprising Barclays Natural Resource Investments, shipowner J. Lauritzen and its own management team.

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