Greathorse Chemical has also secured a further $65m from other financial investors such that the total initial investment will be $160m.

Shanghai-based Greathorse Chemical is an owner and operator of modern small to mid-sized chemical tanker vessels.

It plans to use the proceeds to fund the construction of newbuildings and to acquire tonnage from the resale market.

The shipowner, which aspires to become a leading Asian owner of chemical tankers, currently has a fleet of eight ships.

“We