Riverstone Holdings Backs Ridgebury Tankers

Riverstone Holdings has put $200 million into Ridgebury Tankers, a new tanker company focused on the acquisition and operation of vessels in the tanker sector. Ridgebury management invested $5.7 million as part of the deal. The Connecticut-based Company will use the capital to acquire clean product carriers of all sizes and in the crude sector will focus primarily on Suezmax vessels.

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