Carsten Mortensen’s Dee4 Capital Partners is teaming up with footwear maker ECCO and trader Gunvor Group on an order for up to four MR tankers at Hyundai Mipo Dockyard.
The Danish private maritime investment fund has booked two product carriers at the Hyundai Heavy Industries-controlled shipyard, with options for two more.
"We are delighted to place an order for vessels of such a high specification from the pre-eminent product tanker shipyard in the world," said Mortensen, a founding partner at Dee4.
"We look forward to work alongside our highly professional investment partners on this transaction."
The price of the tankers has not been disclosed, though Mortensen said his company is happy with the amount agreed.
Dee4 Capital has not opted to put scrubbers on the ships. "These are highly fuel-efficient vessels in any event," founding partner Freddie Lee added.
The two firm tankers are set for delivery in 2021.
ECCO is controlled by one of Denmark’s wealthiest families. Gunvor, one of the world’s largest commodities trading houses, is the parent of operator Clearlake Shipping.
Mortensen, the former chief executive of Singapore shipping giant BW Group, set up Dee4 Capital with Lee last year.
The company controls a fleet of five Japanese-built MR tankers built between 2006 and 2010.
