Norway’s ADS Maritime Holding has bounced back from a failed deal to invest in three LR2s with a new transaction involving famed shipowner Peter Georgiopoulos.

Oslo-listed ADS said it has acquired a 10% stake in two MR tankers and will act as the disponent owner with primary responsibility for following up on the owning companies’ activities related to the vessels.

The 50,000-dwt UOG Sparta (built 2009) is part of the 22-strong fleet acquired by Georgiopoulos when he bought Dubai-based United Arab Chemical Carriers (UACC) in 2021.