A long-term partnership agreement with Germany's Reederei Claus-Peter Offen will see Sweden's Brostrom double its European commercial fleet in the 37,000 dwt size category.
Brostrom presently operates eight 37,000 dwt vessels in the European market for distribution of refined petroleum oil products.
In line with Brostrom's strategic objective of growing and consolidating the market, a long-term commercial management agreement has been established with Offen under which eight additional newbuildings in this size category will join Brostrom's commercial fleet.
The new vessels will be delivered during the second part of 2008 as they are delivered from Hyundai Mipo yard in Korea. The total fleet of 16 vessels hereby achieved in this particular size segment will improve Brostrom's attractiveness as a logistics service provider for the major oil companies.
"We are very satisfied to have reached this agreement enabling growth in a market segment that is strategic for Brostrom," says Lennart Simonsson, CEO of Brostrom.
"When looking at the long-term commercial strategy for our investments in tankers, the Brostrom way of doing business has been found very attractive to us. To have reached a long-term partnership agreement with Brostršm will not only be a good solution for our existing newbuildings, it will also be a good base for further expansion," says Claus-Peter Offen, President and Owner of Reederei Claus-Peter Offen.
Brostrom has a fleet of about 60 vessels, from 8,000 to 37,000 dwt, in the European markets and 20 vessels, from 20,000 to 50,000 dwt, in markets outside of Europe.
Brostrom presently operates eight 37,000 dwt vessels in the European market for distribution of refined petroleum oil products.
In line with Brostrom's strategic objective of growing and consolidating the market, a long-term commercial management agreement has been established with Offen under which eight additional newbuildings in this size category will join Brostrom's commercial fleet.
The new vessels will be delivered during the second part of 2008 as they are delivered from Hyundai Mipo yard in Korea. The total fleet of 16 vessels hereby achieved in this particular size segment will improve Brostrom's attractiveness as a logistics service provider for the major oil companies.
"We are very satisfied to have reached this agreement enabling growth in a market segment that is strategic for Brostrom," says Lennart Simonsson, CEO of Brostrom.
"When looking at the long-term commercial strategy for our investments in tankers, the Brostrom way of doing business has been found very attractive to us. To have reached a long-term partnership agreement with Brostršm will not only be a good solution for our existing newbuildings, it will also be a good base for further expansion," says Claus-Peter Offen, President and Owner of Reederei Claus-Peter Offen.
Brostrom has a fleet of about 60 vessels, from 8,000 to 37,000 dwt, in the European markets and 20 vessels, from 20,000 to 50,000 dwt, in markets outside of Europe.