John Bassadone's new venture, Hercules Tanker Management, will operate as an independent ship owner active in chartering tonnage and commercial management.
The terminal is currently up for auction in a process managed by Sharjah's judicial authorities, a source familiar with the situation tells Ship & Bunker.
Ben Luckock, global head of oil at Trafigura, discussed the possibility during an appearance at the Asia Pacific Petroleum Conference in Singapore on Monday.