London-based Tufton Investment Limited has placed seven of its 19,000dwt to 21,999dwt chemical tankers in the Stolt Tankers Joint Service (STJS) and has also agreed to enter into a carbon reduction and sustainability information-sharing agreement with Stolt.
Under the accord, the two companies will jointly explore and pursue vessel efficiency and propulsion research, environmental projects and a biofuel testing programme, with the goal of driving significant carbon emission reductions across their combined businesses.
Stolt Tankers, part of the larger Stolt Group, currently operates a fleet of 152 chemical tankers capable of carrying bulk liquid chemicals as well as edible oils, acids and clean petroleum products. Tufton, through its Tufton Oceanic Assets, owns a mixed fleet of 21 ships and earlier this year acquired an additional stainless steel chemical tanker.
Report by Jim Shaw