Suezmax newbuildings ordered by Wilbur Ross-backed Transportation Recovery Fund (TRF) are bound for a joint venture with another Ross company, Diamond S Shipping
That was the word from the billionaire investor himself this week in a brief e-mail reply to questions from TradeWinds about how his two suezmax-owning companies would interact going forward.
“The newbuild suezmaxes we recently ordered will actually go into a joint venture between our Transportation Recovery Fund and Diamond S,” Ross wrote.
“Diamond
