A little-known Middle Eastern company has reportedly now entered the VLCC arena after only buying its first ships in October. The name of Dubai-based Teodor Shipping first cropped up two months ago when it was linked to the purchase of three tankers. Two of these are now listed in its fleet: a 46,500-dwt MR2 pair called Lhotse and Manaslu (both built 2008).

Source: Ethiopian News December 14, 2022 13:36 UTC