Italian tanker owner Navigazione Montanari has bought eight product tankers from Cyprus-based leaseback financier Sole Shipping.
The Fano-based tanker owner has exercised call options on the tankers that were sold and leased back in December 2018.
The deal comprises four MR1 and four MR2 product tankers with a combined value in excess of $140m, according to VesselsValue.
