Agritrade's Singaporean founder, Ng Say Pek, has kicked in $10.665m to acquire a 45% stake in the special-purpose vehicle that owns the 309,300-dwt Sea Latitude (ex-DHT Chris, built 2001).
A transaction forming a joint venture with Ng closed in January, when Agritrade took delivery of the VLCC, its third since getting into the business a year earlier. The three owned ships have since been joined by two long-term chartered ships.
