Oslo-listed Stainless Tankers, a
key player in the chemical tanker shipping industry, is set to increase
shareholder returns after confirming the sale of its third stainless steel
chemical tanker. The company, backed by the Tufton Investment Group, has
entered into an agreement to sell the 19,700-deadweight (dwt) J19-type
stainless steel vessel, Gwen (built in 2008), to an undisclosed buyer.
This latest chemical tanker fleet
sale is part of Stainless Tankers’ broader strategy to streamline vessel
operations, unlock asset value, and maximize investor dividends. The
transaction underscores the company's commitment to efficient fleet management
and capital recycling in the highly competitive stainless steel tanker market.
Proceeds from the vessel sale
will be directed toward enhancing shareholder pay-outs, reinforcing the
company’s reputation for strong capital returns, and investor-focused shipping
management.
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