Divestment has not replaced investment at Borealis Maritime after the private-equity linked shipowner sold joint-venture company Crystal Nordic to Germany’s John T Essberger this week.
Essberger Tankers announced a swoop for the 14-ship chemical fleet from Borealis, private equity partner KKR and Nordic Tankers, which is owned by Triton International.
Borealis Maritime chief executive Christoph Toepfer notes the company has also recently sold a bulker but stresses it is not now in a general divestment phase.
