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You are here: Home → Archive → 2009 → July → Weekly Edition 23rd of July 2009 → Break up of Allco fleet is underway

Break up of Allco fleet is underway

by Rob McKay and Tony Gray — last modified Jul 23, 2009 05:37 PM

THE ICE started to break in Allco fleet sale saga last week, with Tufton Oceanic buying 50% of Allocean Charters (Singapore) from receiver Ferrier Hodgson.

The Singapore firm owned a 14-vessel fleet now 100% controlled through a new investment company, which is jointly owned with private investment vehicle SIF, and may be used for further acquisitions in shipping.
A Ferrier Hodgson spokesman said that...

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