Norstar to Establish New JV Company in US

Singapore’s tanker company Norstar is setting up a new commercial management joint venture based in Westport Connecticut USA, named Norstar Chartering (USA) LLC.

The new entity is a collaboration between brothers Chris and Tom Bonehill, principals of the Norstar Group and two senior shipping industry executives Lars Ebbesen and Olav Ekeberg formerly partners of Sokana Chartering and Navig8 Chemicals.

The joint venture company is expected to be launched in USA next month.

“We are delighted to be joining forces with Lars and Olav to form this new company. They are known in the tanker industry as being outstanding ship traders with a broad network and excellent support from their cargo customers. This new venture will complement our existing structure of commercial and technical management services,” said Bonehill.

Following a purchase of four tankers last year, Norstar currently manages a fleet of 19 chemical and product carriers.

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