Chemoil Energy Ltd. said it plans to buy a bunkering terminal and three oil tankers for a total of $55.14m.
The San Francisco-based firm said in a statement it agreed, subject to shareholder approval, to buy the assets from Andorra Services Ltd., a company owned by Chief Executive Robert Viswanathan Chandran.
The largest of the acquisitions, at $39.09 million, is Helios Terminal Corp., which owns a bunkering terminal on Singapore's Jurong Island.
Source: Reuters