ADS Crude Carriers could pay out more than $140m in dividend as it profits from an IMO 2020 powered upturn in the tanker market, according to Arctic Securities
Arctic, which led the private placement which launched ADS Crude this summer, says it will turn old ladies into cash cows.
ADS Crude's three veteran tankers will be among the 99 VLCCs fitted with scrubbers when new sulphur laws come into force, Arctic calculates.
