Stena Bulk in partnership with Bay Crest Management for expansion in Asia
Stena Bulk and Golden Agri-Resources, has started a new joint venture, GSB Tankers, together with Bay Crest Management. GSB Tankers is set up to undertake the operation and commercial management of chemical tankers. GSB Tankers will commence operation on 1st january 2019, out of the existing premises of Golden-Agri Stena. Apart from its headquarters in Singapore, GSB Tankers will have offices in both Dubai and Japan. At first, the joint venture will manage eighteen chemical tankers with the aim of managing thirty chemical tankers within the next two years.
With offices in six countries, STENA BULK is one of the world's leading tanker shipping companies. The company controls a combined fleet of around 110 vessels. Stena Bulk is part of the Stena Sphere, which has more than 20,000 employees and sales of SEK 60 billion.