BW Chemicals Sells 13 Tankers to Ace Tankers

BW ArgonImage courtesy: BW Group

Bermuda-based BW Group has sold a fleet of 13 chemical tankers to Ace Tankers Management BV.

The deal was closed in December last year, between BW Chemicals Pte. Ltd. and Ace Tankers Management BV, BW Group confirmed to World Maritime News. Based on the data from the group, the company has a total of 15 chemical tankers in its fleet.

The sale was rumored back in November 2018, and the price tag for the acquisition was said to be around USD 350 million. Once acquired, the ships were reportedly intended to join the Ace-Quantum Chemical Tankers (AQCT) Pool, a joint venture between Ace Tankers and Eastern Pacific Shipping.

The AQCT Pool manages a fleet of over 20 stainless steel 19,900 dwt chemical tankers.

BW Group’s spokesperson was unable to confirm the said details of the deal to WMN.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >