Stolt named as buyer of Odfjell’s three small parcel tankers

Stolt named as buyer of Odfjell’s three small parcel tankers

Athens: Norway’s Stolt Tankers looks to be the buyer of the three small 5,800-dwt parcel tankers sold by Odfjell, but no purchase price has been disclosed.

The sale of the fully stainless steel ships, Bow Balearia, Bow Bracaria and Bow Brasilia, all built in 1997/1998, was announced earlier today.

Stolt says the vessels will join the Stolt-Nielsen Inter-Europe Service by the end of August this year. 

“We are pleased to have acquired these well priced, high-quality assets, which enhance the scale efficiency of our fleet of European regional parcel tankers,” said Hans P Feringa, president of Stolt Tankers.

“The ships are a perfect fit with our current fleet, the contract portfolio we serve, and our goal of providing our customers with the quality, reliability and service flexibility that their supply-chain needs demand.”

The three ships are sister ships to Stolt Tankers’ R5 class, which comprises Stolt Razorbill, Stolt Kingfisher and Stolt Pelican. The parcel tankers have 20 duplex stainless steel tanks, ice class 1A and are fitted with nitrogen generators.

The ships were the last Odfjell vessels trading in the European short sea market, deemed by the company to be unprofitable, and were sold reportedly as part of cost-cutting measures.

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.

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