Gulf Energy Maritime (GEM), a product tanker player that has been gradually shrinking its fleet through a string of ship sales, may be about to start expanding again.
Brokers in the US and London are identifying the Dubai-based company as the buyer of an MR tanker pair from Scorpio Tankers.
New York-listed Scorpio last week announced the sale of the 50,000-dwt STI Larvotto and STI Le Rocher (both built 2013) for $36.2m
