Oaktree has upped its stakes in both Torm and Ardmore Shipping

Torm majority owner Oaktree Capital has bought up shares in competitor Ardmore Shipping, which Hafnia previously attempted to take over. The equity fund is now the tenth-largest shareholder in the Irish tanker operator.

Anthony Gurnee is CEO of Ardmore, which earlier this year rejected a merger offer from Hafnia. Photo: Marine Money

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