Singapore-based AG Shipping & Energy confirmed to TradeWinds this week that it was the buyer of a tanker that previously had been reported sold to Japan's Iino Marine for $25.3m.
AG founding director Mangish Kakodkar said that the company has just taken delivery of the 105,000-dwt tanker Glory Crescent (built 2013) and has renamed it AG Neptune.
The ship has been placed on long-term period charter to commodities giant Koch Industries.
