Connecticut tanker owner revisits how an appealing VLCC deal came together one year ago at annual New York finance event.
Investors already have pulled back about half their initial outlay in a Bob Burke-led foray into older VLCCs and are optimistic about ultimate returns despite recent softening in rates.
Burke and two key participants in the deal returned to Marine Money’s annual conference in New York, where the deal was largely negotiated one year ago, to reflect on what has made it a success.
Speaking
