Ridgebury Tankers has quietly pulled off a major fund-raising coup in the shadow of higher-profile owners, securing $150m in private funds to buy four older VLCCs, sources tell TradeWinds.
At the same time as Peter Georgiopoulos’s Gener8 has been pitching a US initial public offering (IPO) and Apollo Global Management looks to sell 12 suezmaxes, little Ridgebury has managed to enter the VLCC trade by securing the private funding in New York and London.
