Oslo-listed Team Tankers International is expecting an improvement in earnings through its newly launched technical management venture with V Group.

The US-headquartered chemical carrier owner expects this deal, as well as commercial cooperation with Maersk Tankers, to boost trading performance, cut costs and give it more flexibility for divestment and investment.

Chief executive Hans Feringa said the moves were "a further step towards building commercial and operational scale for our tanker fleet".