New High-Performance Product Tanker Almost Ready For Launch

Production of the Geos Group’s new 4,250-deadweight product tanker is making good progress, and is almost ready for launch. The vessel forms a key part of the long-term agreement that we have entered into with our Netherlands-based supply partner Thun Tankers BV.

The high-performance tanker is being built with a NAABSA design (Not Always Afloat but Safely Aground), so it is able to call at tidal restricted niche ports that other operators cannot access. It will offer increased performance and cargo capacity. It is being built by Scheepswerf Ferus Smit B.V. in the Netherlands, a shipyard with whom the Erik Thun Group has a longstanding relationship.

“The NAABSA vessel being built by Thun Tankers for our own requirements will help strengthen our NWE physical market position,” said Geos Group Managing Director Barry Newton. “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.”