A joint venture involving three major shipping investors has secured new financing of up to $60m for a new VLCC they bought in January.

Idan Ofer, George Economou and Oystein Stray Spetalen paid $106m in March for the 300,000-dwt Gustavia S (built 2020) from Hartree Maritime Partners.

Spetalen-backed SD Standard Drilling, listed in Oslo, owns a 33.3%