Golden Stena Weco Invests in Chinese Tanker

Golden Stena Weco recently invested in its first tanker within the framework of the newly established joint venture. The 9,000 dwt tanker, called Golden Adventure, will be delivered from the Chinese shipyard Dongfang Shipbuilding in the next few days after reprofiling.

“The Golden Adventure is the first tanker in our jointly owned fleet and will be employed in transporting Golden Agri’s palm oil cargoes mainly in Asia, more exactly from Indonesia and Malaysia to India and China”, says Erik Hånell, MD, Stena Weco.

Golden Stena Weco is a joint venture between Stena Weco and the Indonesian palm oil producer Golden Agri Resources (GAR). The shipping and chartering company Golden Stena Weco recently inaugurated its office in Golden Agri Plaza in Singapore. As of now, Golden Stena Weco controls five intermediate tankers. Initially, the joint office will have a staff of eight working with operation, chartering and trading.

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Golden Stena Weco, December 5, 2012