Stolt Tankers, Essberger form new JV for European trade

Photo: Stolt-Nielsen

Stolt-Nielsen, through wholly-owned subsidiary Stolt Tankers, has entered into a joint venture with Germany-based John T. Essberger Group for the operation of the two companies’ combined parcel tanker fleets trading within Europe.

E&S Tankers, which will formally commence operations on January 1, 2021, will have a combined fleet of 48 parcel tankers ranging in size from 2,800 DWT to 11,300 DWT.

The joint venture will focus its operations in the Baltic and Mediterranean Seas and Northwest Europe.

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