Arendal Dampskibsselskap (ADS) has pledged to stick with shipowning as the company looks to sell one of its last wholly-owned vessels.
Bjorn Tore Larsen, ADS' controlling shareholder, has denied market rumours that the company now is focusing only on VLCC owning spin-off ADS Crude Carriers, which is listed on the Oslo Merkur market.
Cyprus and Arendal-based Larsen insisted that the company does not plan to exit private shipowning, adding that he is optimistic for the prospects both for tankers and bulkers.
