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Molaris axes Product Shipping IPO after signing new MR2 orders

Product Shipping, a product tanker vehicle backed by Greece-based shipowner Stamatis Molaris, has formally withdrawn its old IPO filing from 2014, citing “adverse market conditions” but that does not signify a step back from the product tanker sector. The owner’s privately held company, Empire Navigation, has confirmed the recent inking of a contract for four new medium range two tankers from Hyundai Mipo in Korea, with deliveries next year

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Formal withdrawal from public registration comes as affiliate Empire Navigation orders four new tankers from Hyundai Mipo

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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