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Stolt Tankers buys three parcel tankers from Odfjell

Stolt Tankers buys three parcel tankers from Odfjell
Stolt Tankers has bought three parcel tankers from Odfjell Tankers.

Stolt is buying three 1997 – 98 built Ice Class 1A, 5,800 dwt tankers from Odfjell for an undisclosed sum.

The vessels will joint Stolt’s Inter-Europe service from the end of August. Odfjell announced on Monday it was exiting the European shortsea market on Monday with the sale of the Bow Balearia, Bow Bracaria and Bow Brasilia at an accounting loss.

"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."