Denmark’s European Maritime Finance (EMF) and its partners Atlas Maritime and Concord Maritime have concluded a profitable deal to sell an older aframax into India.
The financier said the 116,000-dwt Dakota Strength (built 2007) has gone for a “record” price of $39.5m.
This will deliver a return for EMF of 220% and 115% from the two separate investments it made in the tanker.
