Ridgebury Crude Eyes Tanker Duo

Oslo-listed Ridgebury Crude Tankers LLC has set sights on adding more capacity to its tanker fleet by buying two second-hand tankers with its excess cash.

According to a stock exchange filing, the company will purchase two 2003-built (Sumitomo) Aframax tankers currently owned by affiliated company Ridgebury Aframax Tankers.

The vessels, which were acquired in late 2014 at a purchase price of USD 23.16 million per vessel, will be purchased by Ridgebury Crude Tankers at a below-market price of USD 20 million per vessel.

In order to purchase the vessel, the company said it wuld have to amend its Bond Agreement definition of Additional Vessels, which is currently limited to second-hand Suezmax crude tankers and Medium-Range product tankers.

“Ridgebury will seek bondholder approval for the amendment in coming weeks, and expects to purchase the first vessel during June, and the second later in the year,” the company said.

Share this article

Follow World Maritime News

Posted on May 22, 2015

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >