Norway's ADS Maritime Holding has still not identified a suitable way back into shipping, 10 months after selling its three veteran VLCCs.
The Oslo-listed former ADS Crude Carriers changed its name after disposing of its fleet for $25.5m each in the fourth quarter of 2020.
ADS Maritime said its strategy is to make countercyclical investments in quality ships bought at prices discounted to newbuilding parity levels, particularly tankers and bulkers.
