The partnership in the J19 stainless steel tanker segment aims to focus on expansion across the Asia region for the two companies.
The partnership between IMC company Aurora Tankers and the Golden Agri-Resources, Stena Bulk and Bay Crest Management joint venture GSB Tankers is effective from 1 July.
Frederik Guttormsen, Managing Director, IMC Shipping Group, said: “We remain confident in the chemical tanker market overall and we will continue to expand our shipping platform which today include our 22 strong MR tanker fleet, our stainless-steel 19k fleet, CSIMC, our fleet of MPV’s, the global dry bulk operating business and the domestic operation in Indonesia by PTPSS.”
Dexter Say, Managing Director of Aurora Tankers, commented: “This joint operation partnership is a step towards building our stainless-steel fleet and serving customers with greater flexibility. We believe the timing of the partnership is perfect, as the medium to long-term outlook for the chemical tanker market is positive. We look forward to working together with GSB Tankers to achieve both companies’ goals”.
Copyright © 2023. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.