Barely three months after it made its debut on the shipping scene, a little-known shipmanager from Dubai has assembled a fleet of at least three ageing VLCCs.

TradeWinds reported earlier this month that Royal Express Ship Management had taken over operation or technical management of two tankers sold by Greece’s NGM Energy.

They are the 299,000-dwt Victory I (renamed Dante, built 2001) and 299,100-dwt Vida (renamed Dalton, built 2003).