Jo Tankers has placed an order for up to eight 33,000-dwt stainless steel chemical tankers at New Times Shipbuilding in China.
Milestone Chemical Tankers, the new Tokyo Marine/Jo Tankers joint venture, is to start fully fledged operations on September 9.
China-based shipyard Mingde Heavy Industry has launched what it calls “the biggest stainless steel chemical tanker ever built in Asia”.
Tokyo Marine and Jo Tankers are to pool their chemical tanker fleets in a 50/50 joint venture, Milestone Chemical Tankers.
FLEETS The chemical tanker market is off to a promising start so far this year, but chemical tanker owners and operators are not yet out of the woods
The February 1983 issue of HCB concerned itself largely with packaging issue. The timing was significant, since the UN Committee of Experts had two months earlier approved a major change in the provisions for package design
Jo Tankers has entered the LR1 product tanker market with the delivery of the first of its 74,500 dwt, IMO III newbuildings.
Stolt-Nielsen Ltd, through its subsidiary Stolt Nielsen Gas Ltd, has agreed to merge its LPG tanker operations with those of Sungas Holdings, a privately owned Saudi company.
MARKET Despite an apparent recovery in trade, ship operators in Europe do not yet seem to be reaping any benefits. The length of the current downturn is now causing financial problems for some of them.
Jo Tankers has placed an order for two 74,500 dwt LR1 product tankers from STX in South Korea. Delivery is scheduled for late 2012 and early 2013.