Industry Insights
Shipping Magnate John Bassadone Quietly Acquires Clean Product Tankers at Below-Market Prices
Tradewinds News1 min read93 views
Major bunker and tanker player John Bassadone has been quietly piling up clean product and chemical tonnage in recent months.
Bassadone’s Hercules Tanker Management has acquired three product carriers from New York-listed Scorpio Tankers and a pair of MR2s from Norden of Denmark at prices it assesses as below the current market.
Valuation upside
These deals were struck before valuations rose further, positioning Hercules for significant upside as the market tightens.
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- #herculestankermanagement
- #scorpiotankers
- #norden
- #producttankers
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