However, despite some initial success in the arena, the Bob Burke-led shipowner is unlikely to move into VLCC ownership.

Ridgebury is providing corporate, operational and financial management of four VLCCs that were in the fleet of Windsor Petroleum, which sought Chapter 11 last year.

It is managing the 306,000-dwt British Pioneer (built 1999) and 306,000-dwt British Purpose, Progress and Pride (all built 2000).