President Lucas Vos knows Stolt Tankers will face a decision on the rejuvenation of its chemical tanker fleet in the next few years.

The Stolt-Nielsen unit made a start on addressing its concerns over vessel age by sealing a deal to buy five 2016-built vessels from Peter Georgiopoulos’ Chemical Transportation Group (CTG) last August.

Vos said the group took delivery of the first, the 27,500-dwt Stolt Bismuth, in Curacao in the Caribbean late last week.