Dubai Navigation, Tahir Lakhani’s shipowning outfit established last year, is planning to enter the tanker sector and to expand its bulker fleet in a low-risk, profitable manner.
The Marshall Islands-registered company will look to buy two middle-aged panamax bulkers and two aframax or suezmax tankers that fit its risk profile, chief executive Lars Juul Jorgensen says.
The tanker-sector debut is timed to take advantage of the asset-price cycle, Juul Jorgensen adds.
