{"id":33210,"date":"2023-04-03T10:07:40","date_gmt":"2023-04-03T07:07:40","guid":{"rendered":"https:\/\/www.al-sindbad.net\/ads-takes-option-on-vlcc-stake\/33210\/"},"modified":"2023-04-03T10:07:40","modified_gmt":"2023-04-03T07:07:40","slug":"ads-takes-option-on-vlcc-stake","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/ads-takes-option-on-vlcc-stake\/33210\/","title":{"rendered":"ADS takes option on VLCC stake"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Terje Bodin Larsen-led ADS Maritime has declared an option to keep its stake in VLCC<br \/>\n\t\t\t<span style=\"color:#00adeb;\" class=\"mt_tooltip\" data-mturl=\"\/en\/ais\/details\/ships\/shipid:755071\/mmsi:636014910\/vessel:755071\" data-info=\"FPMC C MELODY [LR]\" data-photourl=\"https:\/\/www.al-sindbad.net\/file\/2023\/04\/ADS-takes-option-on-VLCC-stake.aspx.jpeg\" data-assetname=\"9406178\" data-assettype=\"IMO number\">FPMC C Melody<\/span> for another year on the back of a positive market tanker market outlook.<\/p>\n<p>The Oslo-listed company bought into the Taiwanese-owned vessel in May 2022 and holds a 20% stake.\u00a0<\/p>\n<p>\u201cWe think this is an attractive opportunity to continue our exposure to a strong tanker market,\u201d said Larsen, the CEO of ADS, which will maintain its VLCC position until May 2024.<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>The 297,200 dwt ship, owned by Formosa Plastics, is currently trading in Navig8\u2019s VL8 pool. In addition to this VLCC position, ADS also holds a 20% interest in a chartered-in scrubber-fitted MR <em>Ayoe<\/em> operating in Navig8\u2019s pool, until June 2025.<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div class=\"stream-item-size\" style=\"\">\n\t    <!-- \/91333190\/SPLASH247_*_Splash247_Article_*_Strip_Slot_*_2 --><\/p>\n<div id=\"div-gpt-ad-1_95_0_1_2\">\n<script>\ngoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });\n<\/script>\n<\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\"><span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/norway\/\" rel=\"tag\">Norway<\/a><\/span><\/div>\n<\/p><\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terje Bodin Larsen-led ADS Maritime has declared an option to keep its stake in VLCC FPMC C Melody for another year on the back of a positive market tanker market outlook. The Oslo-listed company bought into the Taiwanese-owned vessel in May 2022 and holds a 20% stake.\u00a0 \u201cWe think this is an attractive opportunity to &hellip;<\/p>\n","protected":false},"author":1,"featured_media":33211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[],"class_list":["post-33210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tanker-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=33210"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/33210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/33211"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=33210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=33210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=33210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}