Clearly encouraged by booming rates, it appears Blystad has bought the 107,000-dwt Al Muminah (built 2005) from Bakri Navigation of Saudi Arabia for a reported $31m.
However, he could not be reached for comment before TradeWinds went to press.
He was last involved with crude tankers in 2011 before Oslo-listed Saga Tankers sold its four VLCCs.
Blystad had a 25% stake in the company, which was set up only a year earlier.
