IMC Pan Asia Alliance

Aurora Tankers and GSB Tankers Announce Strategic Partnership in J19 Stainless Steel Tanker Segment

Singapore, 1 July 2021 – Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), announced today it has formed a strategic partnership with Golden Stena Baycrest Tankers (GSB), to manage and operate stainless steel tankers. The collaboration will be focusing on expansion across the Asia region for the two companies.

Golden Stena Baycrest Tankers (GSB) is a joint venture between Golden Agri-Resources, Stena Bulk and Bay Crest Management, which was established on 1 January 2019.

Frederik Guttormsen, Managing Director, IMC Shipping Group, said: “I am very pleased to announce this strategic partnership with GSB. This will give us more scale, drive efficiencies and be a platform for further expansion in the stainless steel chemical tanker segment.”

“We remain confident in the chemical tanker market overall and we will continue to expand our shipping platform which today include our 22 strong MR tanker fleet, our stainless-steel 19k fleet, CSIMC, our fleet of MPV’s, the global dry bulk operating business and the domestic operation in Indonesia by PT Pelita Samudera Shipping Tbk,” added Guttormsen.

Dexter Say, Managing Director of Aurora Tankers, added: “This joint operation partnership is a step towards building our stainless steel fleet and serving customers with greater flexibility. We believe the timing of the partnership is perfect, as the medium to long term outlook for the chemical tanker market is positive. We look forward to working together with GSB Tankers to achieve both companies’ goals”.

The partnership will commence on July 1, 2021.


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