Stelmar Shipping takes delivery of two new Panamax tankers
July 2, 2002
By OGJ editors
HOUSTON, July 2 -- Stelmar Shipping Ltd., Athens, has taken delivery of two new Panamax tankers, which completes Stelmar's newbuilding program for 2002. Both tankers already have multiyear charter contracts.
Daewoo Shipbuilding & Marine Engineering Co. Ltd. built the two double-hull tankers, the Rosemar and the Goldmar. The time-charter contract for the Rosemar is for 24 months at $17,500/day. The Goldmar contract is for 5 years at $18,500/day.
The Rosemar and Goldmar are sister ships to the Rubymar, Jademar, and the Pearlmar, which were delivered in the first 4 months of 2002 and have 24-month charters at an average rate of $18,000/day.
Stelmar Pres. and CEO Peter R. Goodfellow said, "Our Panamax newbuilding program has enabled us to create a strong presence in a 'niche market' that has an over-age and under-built fleet and to take advantage of the increasing oil trade from South America to the US."
