ShippingWatch

Equity fund to Nordic Tankers: Be efficient and expand!

Nordic Tankers owner, private equity fund Triton, has an ambitious growth plan for the shipping company. ShippingWatch has learned that the shipping company was recently looking at Indonesian BLT, which has a fleet of 70 ships.

Investment fund Triton has made an ambitions growth plan for the shipping company together with the company's management. Though the tank and chemical markets remain fragile, the wealthy fund is ready with funding for the right projects, so that the shipping company, which consists of Herning Shipping and Nordic Tankers, can expand upon its current fleet of 120 ships. Nordic Tankers has made the first move in its expansion plans with the recent acquisition of four small tankers from Clipper, but the ambitions go way beyond that.

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