Carsten Mortensen's new private equity fund has snapped up its fourth product tanker since forming in the summer.

Brokers say Dee4 Capital Partners has paid $16.5m for Kuyo Shipping's 47,000-dwt MR Nord Organiser (built 2008).

VesselsValue rates the ship as worth $15.37m.

The company already has the 54,000-dwt duo Dee4 Acacia and Dee4 Birch (both built 2006) in its portfolio, plus the 46,000-dwt Dee4 Cedar (built 2010).