Anglo-Atlantic Steamship Company Limited orders new-buildings

October 2013

Anglo-Atlantic Steamship Company Limited has placed an order for two 50,000 dwt, IMO II class, Chemical Tankers from Samjin Shipbuilding Industries Co. Ltd., in China, with options for two more vessels.

The two first vessels are scheduled to be delivered in the second half of 2015, and the two options in the first half of 2016.

Upon delivery, the vessels will be technically and commercially managed by Laurin Maritime.

The average age of the vessels in Anglo-Atlanticís fleet is 6.4 years and these Eco-design, high specification chemical carriers will form a natural part of its fleet renewal program. Moreover, as freight markets are recovering, we have already seen increases in new-building prices. The timing of ordering these vessels is ideal and they will be delivered at a time when we expect the markets to have strengthened considerably.

Anglo-Atlantic Steamship Company Limited
Anglo-Atlantic Steamship Company Limited is an owner and charterer of modern tanker vessels.

The company currently owns a majority share in 11 vessels and has five vessels on time-charter. The vessels are all medium range tankers for chemicals and oils, with IMO II Class.

Laurin Maritime
Laurin Maritime is a full-service ship management company,, with offices in Gothenburg, Houston, Singapore and Manila. Laurin Maritime offers high-quality commercial and technical management services to its customers.

Laurin Maritime operates a fleet of 17 modern 46,000 dwt IMO II chemical class tankers, which can switch between clean petroleum products and large parcels of chemicals to provide maximum flexibility of operation. The fleet trades world-wide with a historical base in the Atlantic Basin.

Laurin Maritime press release