Connecticut-based Ridgebury Tankers is back in the VLCC business.
Chief executive Bob Burke confirmed on Monday that Ridgebury had bought out the interests of Wafra Capital Partners in four 2006-built and 2007-built VLCCs for $120m en bloc.
The quartet is under the commercial control of Belgium's Euronav, which financed them through a sale-and-leaseback transaction with Kuwait's Wafra in January 2017.
