Stena Bulk partners with Bay Crest Management for expansion in Asia
Golden-Agri Stena, a joint venture between Stena Bulk and Golden Agri-Resources formed in 2012, 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 January 1, 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 18 chemical tankers with the aim of managing 30 chemical tankers within the next two years.