The Geos Group Ltd has placed an order for a 4,250-deadweight product tanker, and entered into a long-term agreement with Thun Tankers BV. The tanker will be built with NAABSA design (Not Always Afloat but Safely Aground), being able to call at tidal restricted niche ports. It will be delivered in October 2020.
Thun’s long experience of building resource efficient, high quality vessels has been used in the design process. The focus has been on maximising the vessel’s cargo intake and increasing in-port performance, with the scope to allow further increased cargo lot sizes going into restricted niche ports. Resource efficiency, new regulations and environmental care have been key in the development of the new vessel.
The tanker will be built by Scheepswerf Ferus Smit B.V. in the Netherlands, with whom the Erik Thun Group has a longstanding relationship. The shipyard has previously built more than thirty-five vessels for the Erik Thun Group.
“The NAABSA vessel being built by Thun Tankers for our own requirements will help strengthen our NWE physical market position. The new vessel will allow us to focus on enhancing our position as the most reliable bunker supplier in our market by bringing in additional ship-to-ship capability as well as the option of supplying more niche ports. This is an exciting opportunity for us and our clients alike and can only strengthen our partnership with Thun Tankers and take us into a period of strong partnership and growth together.”
– Barry Newton, MD, Geos Group
“We have identified the demand for improved niche size tankers with increased performance and cargo capacity. This NAABSA-Max tanker will be built to the absolutely latest design, enabling Geos Group Ltd and their clients access to the most efficient transport solution available in this size of shipments.”
– Joakim Lund, CCO, Thun Tankers BV
“We always strive to meet our customers’ various demands with tailor made solutions. With this order we are delivering on that promise with a purpose built tanker for our close partner Geos Group Ltd.”
– Johan Källsson, Managing Director, Erik Thun AB
The product details are as follows:
For more information please contact Adam Russell, Trading & Hedging Manager at the Geos Group on +44 1491 845474 or [email protected]