Stolt Tankers confirms Hudong orders

Shanghai: Stolt Nielsen has confirmed orders for five plus three chemical tankers as first reported by SinoShip News on the 9 November. Subsidiary Stolt Tankers has selected Shanghai’s Hudong-Zhonghua to build the 38,000 dwt stainless steel parcel tankers, with deliveries expected to take place from December 2015 onwards. “The agreement is subject to satisfactory financing being obtained,” Stolt added in a statement.

The ships were designed to deliver substantial improvements in fuel efficiency, while providing operational flexibility with their fully stainless steel cargo tanks, cargo pumps, heating and cooling capacity.  With a relatively shallow draft when fully loaded, the ships are expected to consume significantly less fuel compared with existing parcel tankers.  

Niels G. Stolt-Nielsen, ceo of Stolt-Nielsen Limited, said, "This new generation of parcel tankers gives us both improved energy efficiency and the cargo handling flexibility that our contract of affreightment customers require.  The order represents approximately half of our required replacement tonnage through 2016, given Stolt Tankers' present contract portfolio." [28/11/12]

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