New York-listed Teekay Tankers – which was known to be in pole position for the ships – saw its shares nudge up on the deal that was branded “bold”.

The Princimar fleet more than doubles Teekay Tankers’ suezmax fleet to 22, with its overall tally raised to 44 vessels.

Amit Mehrotra of Deutsche Bank said the arrival of the additional ships has significant implications for future earnings power.

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