Independent journal on economy and transport policy
18:47 GMT+2
This page has been automatically translated by Original news
Nordic American Tankers will acquire the entire control of Orion Tanker Pool
Next 1° Frontline January will yield 50% of the capital
September 20, 2012
The company Nordic American Tankers (NAT), with center in the Bermudas, will acquire the entire control of Orion Tanker Pool acquiring some 50% of the capital to the nominal book value from the shipowning society Frontline.
NAT and Frontline had constituted the which joint venture Orion joint in the autumn of 2011 having assigned them the activities of chartering of the 20 oil tankers suezmax that they constitute the fleet of the NAT and nine ships suezmax of the Frontline. This last one has now informed the partner to have the intention of use own nine unit in more flexible way letting out them therefore from the pool. The agreement previews that NAT acquires from remaining Frontline 50% of Orion next 1° January.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The company Nordic American Tankers (NAT), with center in the Bermudas, will acquire the entire control of Orion Tanker Pool acquiring some 50% of the capital to the nominal book value from the shipowning society Frontline.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
