Stolt Tankers Buys Three Ships

Stolt-Nielsen Limited (Oslo Bors: SNI) announced  that Stolt Tankers B.V. has agreed to acquire three 5,800 dwt fully stainless steel parcel tankers from Odfjell Tankers AS.

The ships, which were built in 1997-1998 and are sister ships of three tankers currently operated by Stolt Tankers, are expected to join the Stolt-Nielsen Inter-Europe Service by the end of August 2015. Further terms of the transaction were not disclosed.

Commenting on the purchase, Hans P. Feringa, President of Stolt Tankers, said, "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. 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 highly specialized, with 20 duplex stainless steel tanks, ICE class 1A and fitted with nitrogen generators. They are sister ships to Stolt Tankers' R5 class, which consists of Stolt Razorbill, Stolt Kingfisher and Stolt Pelican.