Elite Tankships, a recently formed joint venture between Singapore’s Essential Capital and tanker industry veteran Mangish Kakodkar, is eyeing a move into storage tankers as demand booms due to the contango effect.
“We are in talks with some parties right now,” Kakodkar told TradeWinds this week, while at the same time conceding that finding suitable tonnage for contracts — either via charters or outright purchases — presents a problem.
