Russian oil giant acquires Heidmar Group

Investment bank Morgan Stanley sells oil activities and its stake in tanker company Heidmar Group, with its 100 ships, to Russian Rosneft, which thus secures its first foothold in the United States.

American investment bank Morgan Stanley has sold the majority of its global, physical oil activities to state-controlled Russian oil behemoth Rosneft. The bank's 49 percent stake in Heidmar is included in the transaction. The carrier controls and operates around 100 ships in five pools - Star Tankers, Blue Fin Tankers, Dorado Tankers, Seawolf, and Sigma Tankers.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs