New Middle Eastern fund to invest 1.5 billion USD in supertankers

A development bank for the oil and gas industry in the Middle East and VLCC carrier Bahri have established a billion dollar pool to invest in supertankers.

by LENA RUTKOWSKI

A new shipping fund has emerged with a strong investment mandate for its 1.5 billion USD. The goal is to invest in up to 15 VLCC vessels, write the two parties in an announcement.

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New Middle Eastern fund to invest 1.5 billion USD in supertankers

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Maersk Tankers is a bright spot in dire shipping market

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

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Record influx of container ships this year will not cause trouble until 2025

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UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs