Michael Hudner is targeting a $200m return to the market in medium-range (MR) products tankers.

The former shipowner, who has been through the good and bad times in a 40-year career, told TW+ that he and his daughter, Bay, are working with the core B+H management team to attract investors to a play on five to 10-year-old tankers.

“We’re going back to our roots,” Hudner told TW+ at the offices of his B+H Group in Bristol, Rhode Island.