Palm Oil Cargoes News

The shipping and chartering company Golden Stena Weco has invested in an additional product tanker. The 9,000 dwt vessel, the Golden Avenue, will transport palm oil mainly in Southeast Asia and will sail primarily from Indonesia and Malaysia to India and China. “The Golden Avenue, like her sister the Golden Adventure, is part of our jointly owned fleet and will be employed in transporting Golden Agri’s palm oil cargoes, mainly in Asia. The acquisition is yet another step in building up our joint venture”, says Erik Hånell, President & CEO Stena Bulk. Golden Stena Weco is a joint venture between Stena Weco and the Indonesian palm oil producer Golden Agri Resources (GAR).

Golden Stena Weco recently invested in its first tanker within the framework of the newly established joint venture. The 9,000 dwt tanker, called Golden Adventure, will be delivered from the Chinese shipyard Dongfang Shipbuilding in the next few days after reprofiling. “The Golden Adventure is the first tanker in our jointly owned fleet and will be employed in transporting Golden Agri’s palm oil cargoes mainly in Asia, more exactly from Indonesia and Malaysia to India and China”, says Erik Hånell, MD, Stena Weco. Golden Stena Weco is a joint venture between Stena Weco and the Indonesian palm oil producer Golden Agri Resources (GAR). The shipping and chartering company Golden Stena Weco recently inaugurated its office in Golden Agri Plaza in Singapore.