Christian Kramer’s Chemikalien Seetransport is being linked with a swoop for four product tankers in a deal that would see seller Expedo Shipping exit the business.
The deal marks a major expansion of Chemikalien's position in the LR1 sector and comes less than a year after it took over compatriot tanker specialist Rigel Schiffahrts.
Brokers say Chemikalien is buying the 74,000-dwt New Challenge, New Champion, New Century and New Confidence (all built 2005).
