Advertisement

Shipbuilding

about 11 years ago

TNG Snaps Up Tanker Resale Duo

Croatian tanker operator Tankerska Next Generation (TNG), part of Tankerska Plovidba, has used some of the cash raised from the recent IPO and bank debt to buy newbuild contracts for two 50,000 dwt eco-tankers at South Korea’s Hyundai Mipo Dockyard. The vessels are scheduled for delivery in April an

1 minutes read

Croatian tanker operator Tankerska Next Generation (TNG), part of Tankerska Plovidba, has used some of the cash raised from the recent IPO and bank debt to buy newbuild contracts for two 50,000 dwt eco-tankers at South Korea’s Hyundai Mipo Dockyard.

The vessels are scheduled for delivery in April and July 2015, and will be managed by Tankerska Plovidba.

”The price to be paid for the two acquisitions is based on fair market valuations and in-line with the IPO proposition,” TNG said in a release.

Reach the Offshore Energy industry in one go!

Offshore Energy is read by thousands of professionals every day.

Increase your visibility with banners, tell your story with a branded article, and showcase your expertise with a full-page company profile in our business directory.

CONTACT

Follow Offshore Energy on:

Daily Offshore Energy News in Your Mailbox

Join thousands of industry professionals who start their day with our newsletter.