Singapore-based Eastern Pacific Shipping and Israel's XT Shipping have bought BW Chemical Tankers' entire fleet of 13 vessels. The buyers, both owned by business magnate Idan Ofer, will pay approximately $350m to bring the tankers, each with an estimated capacity of 19,900 deadweight tonnage, into the Ace Quantum chemical tanker pool, boosting its total to 35 ships. The chemical tanker market has been improving of late, and there has been several consolidation deals over the last 18 months, with Nordic Tankers acquiring Laurin and MOL recently purchasing Team Tankers.
Singapore-based Eastern Pacific Shipping and Israel's XT Shipping have bought BW Chemical Tankers' entire fleet of 13 vessels. The buyers, both owned by business magnate Idan Ofer, will pay approximately $350m to bring the tankers, each with an estimated capacity of 19,900 deadweight tonnage, into the Ace Quantum chemical tanker pool, boosting its total to 35 ships. The chemical tanker market has been improving of late, and there has been several consolidation deals over the last 18 months, with Team Tankers acquiring Laurin and MOL recently purchasing Nordic Tankers.