Arne Blystad’s Saga Tankers is looking to raise over $9m before the weekend as it contemplates a private placement.
If the ‘one day only’ sale goes ahead, the Norwegian VLCC owner will shell out up to 10% of its total share capital, an announcement on Friday read.
Further fleet expansion is not on the cards, however, as a total kitty of NOK 56m ($9.38m)
