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Team Tankers Announces $206 Mln Acquisitions

Maritime Activity Reports, Inc.

February 28, 2018

206 MILLION Acquisition of Laurin Shipping AB, Anglo-Atlantic Steampship and related entities announced.
 
Upon completion of tranactions, Team Tankers' fleet will grow to 52 from 37 vessels.
 
These transactions are expected to close by 6 April 2018. Financing will reportedly come from cash on hand and a new $220 million senior secured credit facility.
 
Reporting by Reuters
 

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