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Mehrotra unveils six-VLCC masterplan

Foresight, which has diversified into offshore and hospitality sectors this decade, is planning to return to tanker investments. Executive chairman Ravi Mehrotra says he wants to buy another five VLCCs aged above 15 years for short term asset play

Industry veteran bets on narrow spread between secondhand price of old tonnage and scrapped value in a short-term asset play

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