Hercules Tanker Management (HTM) tanker owner has unveiled its plans to further expand and renew its fleet with up to ten new vessels.
The John A. Bassadone-led company said that it is renewing its fleet portfolio with six new vessels, and the option to build an additional four, set to be agreed later this year.
The 7,700-dwt IMO II chemical tankers will be sister ships to the four vessels announced previously by the company and are also being constructed in the Jiangmen Hangtong shipyard in China.
“The order of these new vessels marks another important milestone for HTM as we continue expanding and renewing our fleet, closely aligned with the needs of both HTM’s and Peninsula’s customer base,” said John A. Bassadone, founder and chief executive officer of both Peninsula and Hercules Tanker Management (HTM).
“We remain committed to the supply of conventional fuels, but our new assets will achieve this with lower emissions. Equally we anticipate an evolving alternative fuels market, in which we will play a leading role with specialist supply assets”, he added.
Last month HTM said that it will start receiving four new tankers in the second quarter of 2025. These vessels will be delivered at three-month intervals and will be time-chartered to Peninsula.
The news came to light by marine fuel supplier Peninsula.
The company HTM commissioned the 7,700-dwt new build IMO II chemical tankers from the Jiangmen Hangtong Shipyard in China. The first vessel will be delivered by the second quarter of 2025.
The vessels will be part of Peninsula’s fleet modernisation programme, being described by them as ‘ultra-spec’, given their ability to supply methanol as well as 100% biofuel.
