Laurent Cadji-led Union Maritime is widely reported to have earned $36m on an asset play while also spending $65.5m on two LR2 newbuildings at Jiangsu Hantong with delivery dates in 2025. The UK-based bulk and tanker player is noted cashing in on two 14-year-old 116,000 dwt aframaxes. The...
https://splash247.com/aframax-asset-play-pays-off-for-union-maritime/