Unconfirmed reports from shipbrokers andother market sources at home and abroad suggest the Connecticut-based offshootof hedge fund titan Apollo Asset Management may be in the process of pulling itssuezmaxes out of the Stena Sonangol pool.
An executive with a leading tankercompany tells TradeWinds the rumours follow talk that Shell may be on the fringe offorging a shipmanagement partnership with Principal, which neither confirmednor denied the reports when contacted by phone Wednesday evening.
