BW Adds Ten Chemical Tankers

Following yesterday’s announcement that BW Group was purchasing ten Medium Range product tankers, the company’s buying spree continues with a new deal for ten additional vessels.

Under the deal signed with Stream Tankers, BW will acquire ten chemical tankers comprising of two ships built in 2008 and 2010 and eight newbuildings to be delivered between 2015 and 2018.

The two chemical tankers are from Japanese shipyards Fukuoka Shipbuilding Co. Ltd. and Shitanoe Shipbuilding Co. Ltd. The newbuildings are being built with the same shipyards and when complete, they will be equipped with eco-design hulls and fuel efficient engines.

Andreas Sohmen-Pao, CEO BW Group, said: “Stream Tankers has a fleet of quality vessels and newbuildings and BW is pleased to be acquiring this fleet. With this purchase, we will be able to strengthen our service offering in the chemical tanker segment.”

BW intends to manage the ships commercially through the WOMAR pool system.

[mappress]
May 20, 2014