Croatian MR tanker owner Tankerska Next Generation (TNG) has awarded CEO John Karavanic a new four-year term.

TNG expects better MR rates from IMO 2020
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The Tankerska Plovidba spin-off said the contract was confirmed by its supervisory board.

It will run from 1 July.

Last month, TNG posted a fourth-quarter net loss of $1.64m,