ADS Maritime Holdings has come back to life with a low-profile tanker deal.
The Oslo-listed company announced that it is taking a 20% stake in a VLCC due to join Navig8’s VL8 pool in May for up to two years. It is the ADS’s first deal since selling a trio of tankers more than 18 months ago.
Details were scant as the company declined to disclose the name of the ship nor the value of the investment.
