Lemanski declined to elaborate on how the Geden Lines offshoot intends to finance the purchase up to ten aframax and suezmax crude carriers from its sponsor, however, but said the company is keeping its options open.
“The board decided to withdraw [the IPO] just last week so it would be premature to discuss [the next step] at this point in time but I will say we are evaluating all our options,” he told TradeWinds when pressed about speculation suggesting it intends to target private funding.
Lemanski
