The pair are in the early stages of forging a tie-up with an eye on acquiring vessels cheaply from players that are struggling with high debt levels amid falling utilisation and revenue due to a market slump, according to Norwegian publication Finansavisen.
The move would pit the pair against existing actors seeking to capitalise on acquisition opportunities in the hard-pressed sector, including billionaire Kjell Inge Rokke’s investment firm Aker and London-based investor Kristian Siem, who has formed a $250 million fund with US-based fund Elliott Management.
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