The private Scorpio Group has agreed on a new joint venture with Swiss oil trader Mercuria Energy that will seek to scale up a pool in the aframax market.
Monaco-based Scorpio Commercial Management and Mercuria Shipping PTE are each expected to enter three tankers into the initial fleet, with hopes of attracting new third-party members to expand the pool, according to Marco Bessone, Scorpio’s London-based business development manager.
