Stena Sonangol Suezmax Pool Adds Eight Vessels

Thursday, June 24, 2010

Stena Bulk of Sweden announced that a newly created fleet of seven modern Suezmax Tankers will join the Pool, immediately growing this premium Pool to 18 vessels. The new fleet is owned by Veritable Maritime Holdings and is under the control of recently formed Principal Maritime Management. Both Veritable and Principal are portfolio companies of the New York asset management firm Apollo Management L.P.

The Suezmax vessels joining the pool in succession will be Princimar Truth (built 2007), Princimar Faith (built 2005), Princimar Joy (built 2010), Princimar Strength (built 2010), Princimar Perseverance (built 2010), Princimar Grace (built 2011) and Princimar Hope (built 2011).

Furthermore Sovcomflot´s SCF Samotlor of 158,000 dwt just recently delivered from DSME Shipyard will join the Pool in mid July.

Including the additional delivery to the Pool in 2011 and 2012 of twelve Suezmax new buildings recently ordered by Stena and Sonangol from Samsung and Daewoo Shipbuilding, the outlined Pool fleet is now planned to shortly become 25 vessels strong with an aggregate of 4 million deadweight tonnes and an average Pool vessel age of only 1.5 years.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter January 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Vessels

Maersk Falls into the Red

Maersk Line posted a steep decline in profit last year to $1.3bn, well down from the 2014 result of $2.3bn and below its most recent forecast as freight rate declines

Maersk Line to Face Miserable 2016

In a video interview Group CEO of AP Møller-Maersk Nils S. Andersen comments on the 2015 full year result, low oil and freight rates, and the challenges and opportunities

Hapag-Lloyd Buys Two Boxships

Hapag-Lloyd has bought two 2015-built, 3,500 teu wide-beam design containerships for deployment in its South America trades for an undisclosed price from NileDutch,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0675 sec (15 req/sec)