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Listed tanker carrier gives up fleet divestment

The prospect of a weakening tanker markets has spurred Oslo-listed Tanker Investments to change the company's strategy of selling its entire tanker fleet.

Tanker Investments, listed on the Oslo Stock Exchange, is changing the company's strategy of selling its tanker fleet.

The new strategy is being implemented after recognizing that the tanker market is headed into an anticipated weaker period than the past 24 months, and the pricing of the carrier's tanker fleet is thus decreasing. The fleet is operated in a pool by Teekay Tankers. When the ship values once again reflect the expected cash flow, the company will resume its strategy to sell the fleet, informs Tanker Investments in relation to its second quarter financial report.

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