Laurin Maritime buys back tanker from KS owner

Laurin Maritime has bought back a MR tanker it sold to a Norwegian KS (limited partnership) company five years ago.

The Swedish tanker owner offloaded the 46,000-dwt Tapatio (built 2003) to a KS company set up by finance house Pareto for $19.9m in 2013. The deal included a five-year bareboat charter back to Laurin at $7,500 per day.

Laurin chief executive Mikael Laurin has now confirmed that his company bought back the Trogir Shipyard-built tanker in a deal that had gone unreported.