Dubai owner Topaz Energy and Marine is eyeing further fleet growth after banking $75m from a new private equity investor.

The offshore shipping company said Standard Chartered Private Equity (SCPE) will take a 9.8% stake as a result.

The cash will be used to expand the Topaz fleet for its operations in the Caspian, Middle East, West Africa and the Americas.

Topaz described SCPE as a “powerhouse” that would help the company to speed up its strategic plan.

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