Golden-Agri Stena varieties chemical tanker three way partnership with Bay Cresto

Golden-Agri Stena, a three way partnership between Stena Bulk and Golden Agri-Assets, has launched a brand new JV with Bay Crest Administration, concentrating on enlargement in Asia.

GSB Tankers has been arrange for operation and business administration of chemical tankers. Beginning January 1, GSB Tankers can be dealing with 18 chemical tankers positioned exterior Golden-Agri Stena’s workplaces in Singapore. The three way partnership plans to handle 30 chemical tankers inside two years.

Eric Honell, President and CEO of Stena Bulk, commented: “We’re more than happy to announce a partnership with Bay Crest Administration, a profitable and well-positioned Japanese firm. Constructing a strategic partnership like this has been a well-tried for us. The idea is a synergy of complementary belongings, information and expertise. This makes it doable for us to take a deeper step right into a market that we strongly imagine in for the longer term. I’m positive that there can be new enterprise alternatives in addition to numerous enterprise sectors. With enlargement and presence within the U.S., there can be spin-off results for all companions.

Shinsuke Togawa, Director of the Board of Bay Crest Administration, mentioned: “Driving on prior success within the administration of chrome steel chemical tankers within the area, Bay Crest Administration is trying ahead to rising its footprint internationally. Golden-Agri Stena The great model title of Okay., with its huge expertise within the enterprise of vegetable oils and clear petroleum merchandise, makes them a perfect equal associate to realize our ambition.

Established in 2013, Bay Crest Administration is a specialised chemical tanker business supervisor.

Supply hyperlink