The adaptation was made in the “watershed years” of 1985 and 1986 which saw Hellespont transform from a provider of equipment to the shipping industry to a provider of ocean transportation services to the end users through its dedicated chartering arms, Seatramp Tankers Inc., and Probulk Carriers Ltd. Since the transformation of Hellespont during the mid-1980s, a realisation developed that the Group’s expertise lay principally in the technical and commercial management of tankers. In keeping with this view, the decision was taken to dispose of the bulk carriers and expand the fleet of tankers under Seatramp’s control. The first initiative taken was the formation of the Hellespont Tanker Fund Ltd. in 1988.