Golden Stena Weco buys six chemical carriers, eyes more

Gothenburg: Stena Weco, the Swedish and Danish joint venture, and Indonesian palm oil producer Golden Agri Resources have announce they are investing around $100m in six secondhand chemical tankers.
 
The corporate trio, known as Golden Stena Weco, headquartered in Singapore, now own eight chemical tankers.
 
Erik Hånell, president and ceo of Stena Bulk, was quoted in a release saying: “We see this as part of the strategy of capturing market shares in Asia in particular with the long-term aim of establishing a presence, via our close partners, in new areas in this segment with the possibility of developing on other continents.”
 
Speaking exclusively to our sister site Maritime CEO today, Hånell expanded on plans to grow the chemical tanker fleet as well as other sectors at Stena Bulk, one of the blue chip names in shipping in Sweden.
 
The chemical tanker business for Stena Bulk is a relatively new one, starting with Golden Agri, the world’s second largest palm oil plantation company, in 2011. More chemical tanker tonnage is still on the cards, Hånell said. “We have a strong belief in this sector and would look at more tonnage,” he says, adding: “This is the sector where we will probably grow most in the years ahead in percentage terms.” The plan is to grow with Golden Agri.
 
For the full Maritime CEO interview click here.  [14/02/14]

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