Ardmore Shipping has partnered with Bremen-based shipowner Carl Buettner to assume the commercial management of four chemical tankers.
The vessels, named MT Aurelia, MT Avalon, MT Apollo, and MT Admiral, are 24,000dwt chemical tankers.
They will operate alongside Ardmore’s chemical tanker fleet.
The partnership represents a doubling of the number of similar-sized chemical tankers under Ardmore’s management, leveraging its global platform in the chemical and vegetable oil trades.
Ardmore Shipping chief commercial officer Gernot Ruppelt said: “We feel honoured that a company as well-established and professional as Carl Buettner has entrusted us with their assets. These are four high-quality, high-performing vessels, and we will work hard to repay their trust with performance.”
“This move also reflects our belief in the significant growth potential for more sustainable, non-fossil fuel cargoes, which already makes up 25% of our business. The energy transition is driving greater demand for non-fossil cargoes. In joining forces with Carl Buettner, we have strengthened our platform when it comes to meeting customers’ needs for the movement of chemical cargoes, which will benefit both partners mutually.”
Carl Buettner managing director Thorsten Mackenthun said: “We believe there is a lot of aligned thinking between Buettner and Ardmore, and we look forward to this new partnership. There is a strong match between our chemical tankers and Ardmore’s global presence and strong track record in the chemical and veg oil markets. And we look forward to exploring new trades and cargo opportunities for our ships.”
Ardmore Shipping owns and operates six chemical tankers, taking the total count of chemical tankers under the company’s management to ten, along with its large fleet of IMO 2/3 medium-range tankers.