Tanker

Buyer and seller shared motivation in Nordic Tankers sale

With the sale of Nordic Tankers, equity fund Triton wanted to support the consolidation in the market. The Japanese buyer also points to consolidation as a factor. With the sale, Triton's portfolio no longer includes shipping.
Photo: MOL Nordic Tankers
Photo: MOL Nordic Tankers
by CHRISTIAN CARLSEN, NIKLAS KRIGSLUND

Consolidation in the tanker market is one of the reasons that equity fund Triton, after seven years of ownership, decided to sell off chemical tanker carrier Nordic Tankers for an undisclosed sum, says Terje Askvig, senior industry expert at Triton and former chairman of Nordic Tankers, in a reply to ShippingWatch.

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