(Singapore, 20 May 2014)
BW has signed a purchase agreement to acquire ten chemical tankers comprising two ships built in 2008 and 2010 and eight newbuildings to be delivered between 2015 and 2018 from Stream Tankers.
The two chemical tankers are from Japanese shipyards Fukuoka Shipbuilding Co. Ltd. and Shitanoe Shipbuilding Co. Ltd. The newbuildings are being built with the same shipyards and when complete, they will be equipped with eco-design hulls and fuel efficient engines.
Andreas Sohmen-Pao, CEO BW Group, says: “Stream Tankers has a fleet of quality vessels and newbuildings and BW is pleased to be acquiring this fleet. With this purchase, we will be able to strengthen our service offering in the chemical tanker segment.”
BW intends to manage the ships commercially through the WOMAR pool system.
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About BW Group
BW Group is a leading global maritime group involved in oil and gas transportation, floating gas infrastructure, environmental technologies and deepwater production. Through its predecessor companies, Bergesen and World-Wide Shipping, BW has been delivering energy and other vital commodities for more than 75 years. BW's fleet of 113 vessels includes crude oil supertankers, refined oil tankers, LNG and LPG carriers, chemical tankers and floating production storage and offloading (FPSO) units.