Stolt Tankers and John T Essberger have set up a joint venture, E&S Tankers, to operate their parcel tanker fleets trading in Europe. As from 1 January 2021, subject to clearance from the Germany competition authorities, E&S will offer a combined fleet of 48 tankers ranging in size from 2,800 dwt to 11,300 dwt, concentrating on the Baltic, Mediterranean and north-west Europe trades.
Lucas Vos, president of Stolt Tankers, says: “This joint venture demonstrates Stolt Tankers’ proven ability to develop opportunities and generate value in a changing market. E&S Tankers will provide enhanced reliability, logistical flexibility and minimise network inefficiencies across our combined fleets. Furthermore, we expect E&S Tankers to help deliver on our sustainability commitments by reducing CO2 emissions while providing the continued best-in-class environmental and safety standards our customers expect. Most importantly, I expect the newly formed joint venture to deliver significant cost savings."
“Essberger and Stolt Tankers are strong heritage businesses with a very good match in their values and business approach,” adds Jan Eghøj, managing director of John T Essberger. “With this joint venture we have combined our vast experience in the parcel tanker market for the benefit of our customers. Improved fleet efficiencies will enable us to invest in the future, to remain the preferred long-term partner for our highly valued customers. We are not only pleased that our fleet of 34 tankers will be fully integrated into the joint venture, but also that our experienced and dedicated staff will continue to work at the E&S Tankers company, located in Hamburg, Germany.”[post_title] => Stolt, Essberger pool in Europe [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => stolt-essberger-pool-in-europe [to_ping] => [pinged] => [post_modified] => 2020-11-09 11:34:48 [post_modified_gmt] => 2020-11-09 11:34:48 [post_content_filtered] => [post_parent] => 0 [guid] => https://hcblive.com/?p=30302 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw )