Singapore owner Parakou Tankers is days away from beginning its initial public offering (IPO) roadshow in an effort that will challenge the notion that US equity markets remain closed to tanker offerings.
The owner of eight medium-range (MR) products tankers has cleared its final hurdles with US securities regulators and intends to quickly make its case to investors under a “special purpose acquisition” (Spac) format, finance sources tell TradeWinds.
