Norway’s ADS Maritime Holding has revealed a second tanker investment as it rebuilds its shipping interests.
The Oslo-listed company has bought a 20% stake in a chartered-in scrubber-fitted MR vessel that will trade in Navig8’s MR pool for a firm period of 36 months.
The company will receive a proportion of the earnings from its operation and will be liable to pay its share of the fixed time charter hire, ADS said.
