American equity fund Oaktree Capital Management plans to place its six newly acquired MR product tankers under Torm management, reports Tradewinds.
Oaktree has allegedly purchased six 50,000 dwt newbuildings, set for delivery in 2015. The ships are acquired from struggling German Ahrenkiel, which was recently acquired by the Hamburg-based MPC Group along with company Thien & Heyenga.
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