Singapore-based products tanker owner and operator FR8 is set to be sold.
Some say the company, which is 50/50 owned by Torm of Denmark and oil trader Projector, has already gone for $146m but that could not be confirmed by FR8 managing director Allan Hatton.
He confirms that a sale of the company, which owns four medium-range (MR) and three long-range (LR) tankers, has been an ongoing process for some time.
TradeWinds
