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Home Bright eyes in shipbuilding: the world's largest operator of chemical tankers bets on million-dollar investment in stainless steel ships, choosing a Chinese shipyard for works

Bright eyes in shipbuilding: the world's largest operator of chemical tankers bets on million-dollar investment in stainless steel ships, choosing a Chinese shipyard for works

23 November 2023 to 11: 01
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Ship - investment - construction
Photo: reproduction shippingwatch.com

Stolt Tankers announces strategic investment in the construction of tankers, built so that they can also be converted for future battery and methanol propulsion

Stolt Tankers, a global leader in chemical transport, is taking a bold step into the future, ordering up to 12 new stainless steel tankers. This initiative represents a significant investment in the sector and reflects the company's strategic vision to address emerging challenges and reduce your carbon footprint. In this article, we will explore the details of this bold decision and how Stolt Tankers is positioning its fleet to stand out on the maritime scene. According to Maritime Executive, Norwegian financial media Finansavisen reports that the order could be valued at more than 700 million U.S. $.

Stolt Tankers’ Strategic Moment in construction investments

Stolt Tankers, already self-proclaimed as the world's largest operator of chemical tankers, justifies its decision to invest in up to 12 new constructions, claiming that “the time is right”. With a strong balance sheet and solid cash flow, the company has placed a firm order for six ships, with an equal option for six more. This investment, made in China by Wuhu Shipyard, highlights Stolt Tankers' confidence in the future growth and modernization of its fleet.

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Environmental Innovation and Energy Efficiency

As part of its strategy to address emerging environmental regulations, Stolt Tankers highlights that the new tankers will be built with an innovative design. This approach includes features that not only anticipate the future but also maximize fuel efficiency. With modern engine design, hull shape optimization and energy-saving devices, these ships are at the forefront of sustainability. Additionally, the shore power connection and conversion capability for future battery and methanol propulsion highlights the versatility of these new builds.

Flexible Fleet for Emerging Needs

Flexibility is key to meeting customer needs, and Stolt Tankers takes this seriously. The new tankers will be built with 30 stainless steel cargo tank segregations, providing a direct response to growing market demands. This feature not only increases operational efficiency, but also highlights the company's commitment to meeting its customers' ever-evolving expectations.

Stolt Tankers' ambitious investment in up to 12 new tanker builds It is a strategic move to position the company as a leader in the sector. With an eye toward the future, these buildings not only meet environmental regulations, but also ensure operational flexibility and energy efficiency. This announcement resonates not just as an investment decision, but as a solid commitment to innovation and sustainability in the shipping industry.

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