Nordic Tankers Activity Up in Stainless Steel Segment

Monday, January 31, 2011

Nordic Tankers has taken two chemical tankers of 16,000 tons deadweight (dwt) on time charter. The sister vessels, which were built in Italy in 2001 and 2004, are equipped with 25 stainless steel tanks and live up to IMO’s requirements to be able to carry all types of chemicals.
The charters follow Nordic Tankers’ strategy to use the current weak market to increase the time charter fleet, which now consists of seven chemical tankers between 12,000 and 20,000 dwt – all with stainless steel tanks. The vessels have been chartered in for periods between one and three years and are deployed partly in the Americas trade and partly in the global service.
"We believe that the timing is right for chartering in tonnage now, bearing in mind the present weak market conditions and the expected longer term market improvement. Chartering in tonnage is an important part of our growth strategy, and we will continue to explore opportunities in this field," said Nordic Tankers CEO Tommy Thomsen.

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