Minnetonka Tankers
Minnetonka Tankers LLC and Minnetonka Tankers II LLC were formed to make investments in product tankers. Minnetonka Tankers LLC was comprised of two modern, medium-range (“MR”) tankers, which were sold in October 2015. Minnetonka Tankers II LLC is comprised of six MR tankers. Product tankers transport refined petroleum such as gasoline, diesel, jet fuel and naphtha from refineries. MR tankers are the most versatile and liquid assets in the overall tanker market.