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Tanker firm establishes HQ in Westport

Published 12:10 pm, Tuesday, April 23, 2013
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Ridgebury Tankers, a newly founded deep-sea shipping company, has entered into a lease for 2,695 square feet of class A office space on the Saugatuck River as the venue for its corporate headquarters.

Ridgebury, focused on buying and operating tanker vessels, has received $200 million in backing from Riverside Holdings and another $5.7 million commitment from Ridgebury management. The firm, which employs six to eight workers at its headquarters at 33 Riverside Ave., will use the funds to buy a fleet of midsize Suezmax tankers to carry both clean/refined products, as well as crude oil.

The company expects to purchase 12 to 15 vessels in the next six months.

Brett A. Sherman, senior vice president of Angel Commercial, a Fairfield commercial real estate brokerage firm, represented Ridgebury in the lease negotiations.

Ridgebury's executive office is in a 42,920-square-foot office building owned by Abbey Road Riverside LLC, according to records kept by the town's Assessor's Office.