Ridgebury Tankers has capitalised on a resurgent product tanker market to sell three 2009-built MRs to unidentified Middle Eastern buyers at a firm $22m each, market sources tell TradeWinds.
The Connecticut owner avoided the need to send the trio into dry dock in December, including installation of ballast water treatment systems that alone would cost about $1m for each tanker, according to a market source who was able to confirm the sales.
