“We’ve looked ahead and we can see there will be newbuilding pressure in the future, so now is the right time to exit MR,” he said.
However, Mathur says he was surprised to read in recent broking reports that the company had already managed to sell three of its MRs — the Hyundai Mipo-built, 47,000-dwt Atlantic Hope, BLS Liwa and BLS Ruwais (all built 2008).
“These
