Mikael Skov, former CEO of the Danish shipping company Torm, has announced that he will lead the process to create Tankers Inc., a shipping company focused on ownership and chartering of tonnage in the product tanker segment, headquartered in Denmark.
The product tanker industry is looking very interesting because of our long-term view of positive developments in the global supply and demand environment. In light of the recent financial climate, the timing to invest in the segment is ideal and there are attractive opportunities for asset acquisition and time charters. I am very excited to be able to use my 25 years of experience in the industry to build a successful, global product tanker business", says Mikael Skov, CEO of Tankers Inc.
The management team led by Mikael Skov will include Jan Mechlenburg, former Executive Vice President at Torm. Tankers Inc. will primarily focus on time charters, new builds and secondhand vessels and will build its business with an ultimate investment capacity in excess of 400 million dollar.
In addition, the team will evaluate opportunities to buy existing companies and fleets, and other strategic initiatives within its core segment which will deliver an appropriate return on capital for its shareholders.
Tankers Inc. is backed with a 'line of equity' from Barclays Natural Resource Investments (www.bnri.com), a division of Barclays Capital, the investment banking division of Barclays Bank Plc as well as private investors and is finalising terms with industrial investors.
The product tanker industry is looking very interesting because of our long-term view of positive developments in the global supply and demand environment. In light of the recent financial climate, the timing to invest in the segment is ideal and there are attractive opportunities for asset acquisition and time charters. I am very excited to be able to use my 25 years of experience in the industry to build a successful, global product tanker business", says Mikael Skov, CEO of Tankers Inc.
The management team led by Mikael Skov will include Jan Mechlenburg, former Executive Vice President at Torm. Tankers Inc. will primarily focus on time charters, new builds and secondhand vessels and will build its business with an ultimate investment capacity in excess of 400 million dollar.
In addition, the team will evaluate opportunities to buy existing companies and fleets, and other strategic initiatives within its core segment which will deliver an appropriate return on capital for its shareholders.
Tankers Inc. is backed with a 'line of equity' from Barclays Natural Resource Investments (www.bnri.com), a division of Barclays Capital, the investment banking division of Barclays Bank Plc as well as private investors and is finalising terms with industrial investors.