Westport Tankers, a company set up in early 2021, invested in tankers at a time when few people were willing to buy them.

The Piraeus-based outfit spent a little more than $90m in total to acquire five oil carriers, according to TradeWinds calculations based on broker reports and estimates.

It concluded four of these deals before February 2022, when the outbreak of the Ukraine war started catapulting tanker values to stratospheric heights.