Stena Bulk in partnership with Bay Crest Management for expansion in Asia
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"We are very pleased to announce the partnership with the successful and well-positioned Japanese company Bay Crest Management. Forming strategic partnerships in this way is for us a well-tried concept, coordinating complementary assets, know-how and experience. It also makes it possible for us to take a deeper step into a market we have strong belief in for the future. I am certain there will be spin-off effects for all partners, with new business opportunities as well as broadening exposure and presence in various business areas," says Erik Hånell, President and CEO Stena Bulk.
"After six very successful years operating and managing intermediate-sized chemical tankers, Golden-Agri Stena aspires to enhance its involvement in the chemicals cargo trade through operating and managing stainless steel tankers. Bay Crest offers excellent experience and network for us to jointly attain the aspiration", says Björn Stignor, Managing Director of Golden-Agri Stena.
"Riding on prior success in managing stainless steel chemical tankers in the region, Bay Crest Management is keen to further extend its footprint internationally. The good brand name of Golden-Agri Stena, coupled with its extensive experience in trading vegetable oil and clean petroleum products, makes them an ideal equal partner for achieving our ambition", adds Shinsuke Togawa, Director of the Board of Bay Crest Management.
For further information, please contact:
Erik Hånell Bjorn Stignor Shinsuke Togawa
President & CEO Managing Director Chairman
Stena Bulk AB Golden-Agri Stena Bay Crest Management
Mobile: +46 704 855 002 Tel +65 6634 6227 Pte Ltd
erik.hanell@stenabulk.com bjorn.stignor@goldenagristena.com Tel: +65-6327 6855
st@baycrestmgt.com.sg
With offices in six countries, Stena Bulk is one of the world's leading tanker shipping companies. The company controls a combined fleet of around 110 vessels. Stena Bulk is part of the Stena Sphere, which has more than 20,000 employees and sales of SEK 60 billion. www.stenabulk.com
Bay Crest Management was established in 2013 to provide a platform for chemical tanker owners to entrust their vessels. With a dedicated team of professionals from both the Singapore and Japan offices, Bay Crest Management has managed more than 30 tankers and helped their owners achieve profit maximisation. For further information, https://www.baycrestmgt.com.sg/about/
Golden-Agri Stena was established in 2012 between Stena Bulk, one of the world's leading tanker shipping companies, and Golden Agri-Resources, Indonesia's largest palm oil producer. As date, Golden-Agri Stena is one of the biggest intermediate-sized chemical tanker operator in Asia, with 20 employees and offices in both Singapore and Dubai. http://golden-agristena.com