A $575m sale of its chemical tanker fleet to Stolt-Nielsen is not the start of a shipowning exit for Norway’s Jo Tankers, says its president.
Nils-Petter Sivertsen tells TradeWinds that the Bergen-based company intends to hang on to its smaller products tanker operation after selling 13 chemical trading ships and its 50% stake in eight joint-venture newbuildings to long-term rival Stolt.Jo
