Norwegians Make Deals in Clean Tanker Segment

The Norwegian flag on the stern of a boat
Updated Published

Norwegian shipping firms have been notably quiet this year with minimal activity, but this scenario has recently shifted.

Reports indicate a flurry of transactions in the clean tanker sector. Industry insiders have revealed that Tailwind, an investment company based in Bergen, has acquired two chemical tankers built in 2016, the TRF Kobe and TRF Kristiansand, each with a capacity of 20,000 dwt, for a total of $66 million. 

These vessels were previously under Hansa Tankers' ownership and have been managed by the Transportation Recovery Fund.

Furthermore, last week, SFL Corporation, led by John Fredriksen, announced the purchase of two LNG dual-fuel chemical tankers for $114 million, incorporating an eight-year charter agreement with Stolt Tankers. 

According to broker information reported by Splash this week, the seller was Nisshin Shipping, and the vessels are named Golden Trader II and Golden Trader III. These tankers, each with a deadweight of 33,300 tons, were constructed at the Nantong Xiangyu shipyard in 2022 and 2023, respectively.