Teekay spin-off Tanker Investments Ltd has laid down $46.15m for an aframax tanker as it made good on an expansion pledge.
Oslo-listed TIL has snapped up a 2011-built tanker that will be renamed Peak Spirit, a statement said.
TIL has spoken of its desire to acquire modern tonnage during a short window of opportunity.
William Hung, chief executive of TIL, said in a statement this morning: "The acquisition of the Peak Spirit aframax represents the latest step in Tanker Investments' fleet build-out as we continue to execute on our strategy of buying modern, quality, mid-size oil tankers at attractive prices.
