Neste exits shipowning with sale of product tankers to Donsötank

Neste exits shipowning with sale of product tankers to Donsötank

Athens: Finland’s Neste Corporation is to sell two of its product tankers to Sweden-based Donsötank for an undisclosed sum.

The vessels are the last to be fully owned by the refining company, which in 2013 announced its plans to divest its shipping operations.

The two vessels Purha (25,000 dwt, built 2003) and Jurmo (25,000 dwt, built 2004) will be delivered to Donsötank in September. Before then, the vessels will continue to be managed by OSM Ship Management Finland.

The sale will increase Donsötank’s fleet to seven vessels, all of which are small tankers for oil and chemicals.

Neste said the two vessels are not specified as critical for Finland’s fuel supply security; all the vessels that are have been sold to Finland’s National Emergency Supply Agency and the Ilmarinen Mutual Pension Insurance Company, which own them jointly.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

Related Posts