Stolt-Nielsen Limited revealed that Stolt Tankers B.V. has actually consented to get 5 chemical vessels from Chemical Transportation Group (CTG) for trading in the Stolt Tankers Joint Service.
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The 5 ships, which are 26,000 dwt as well as with stainless-steel freight areas, were constructed in China in 2016 as well as 2017. The acquisition of each ship is anticipated to shut in between December 2020 as well as February 2021. Further regards to the deal were not divulged.
Commenting on the acquisition, Stolt Tankers President, Lucas Vos, claimed “This acquisition is an excellent opportunity for Stolt Tankers to replace ships being retired in the next few years, lowering our fleet age profile with competitively priced ships that can trade in any of our deep-sea lanes. Newer, fuel-efficient ships help us reduce our carbon footprint while buying existing tonnage means capacity is not added to a market that doesn’t need it. In a cyclical industry like ours, buying the right ships at the right price is the path to financial sustainability. In the end, Stolt Tankers’ customers are the real winners in this deal, as these ships will support our proven platform that provides a high quality, reliable and flexible service offering.”
Reference: stolt-nielsen. com
