Stolt-Nielsen completes acquisition of Jo Tankers operationsStaff Writer | November 24, 2016
Stolt-Nielsen Limited has completed its acquisition of the chemical tanker operations of Jo Tankers.
Acquisition 13 chemical tankers and a 50% share in a JV
Stolt-Nielsen Limited said in July it has agreed to acquire the chemical tanker operations of Jo Tankers.
Funding for the transaction has been secured through some of Stolt-Nielsen Limited's main banks with a combination of bridge financing, secured term loans and available corporate funds.
The 13 chemical tankers consist of eight all stainless steel ships, ranging from 19,000 dwt to 38,000 dwt, and five ships with a combination of stainless steel and coated tanks, all of approximately 37,000 dwt. ■