Wilhelmsen Ship Management awarded two supramaxes from Stove Shipping AS
Singapore, 14 August 2019: The two supramaxes are the newest addition to the Stove fleet built in 2016 by Tsuneishi shipbuilding Co, Ltd. Eastern Bulk Carriers will be the commercial manager of both vessels and technically managed by WSM in Singapore.
“We thank Stove Shipping’s trust in us and this award further seals our long-term relationship. Stove Shipping and WSM have worked hand in hand like partners for the past 10 years.
"We have been through the market volatilities together and as the market improves, we hope to ride this momentum together," says Carl Schou, CEO and President of Wilhelmsen Ship Management (pictured right).
“We are very pleased to select WSM as the technical manager for our vessels, Stove Friend and Stove Tide, and look forward to continue our good working relationship and synergy with WSM in years ahead,” says Pal Gilde, Technical Fleet Manager of Stove. This year, WSM and Stove commemorates 10 years of good working relationship.
In addition to these 2 vessels from Stove, WSM have secured more than 40 new vessels into technical management so far this year. WSM is optimistic about the future of the ship management industry driven by the improved sentiment in some market segments. Besides expanding in the managed bulk carrier fleet, we are also expanding in our gas fleet.
About Wilhelmsen Ship Management
Wilhelmsen Ship Management, a Wilhelmsen group company, is one of the world’s largest third-party ship manager with a portfolio of more than 450 vessels and 9 200 active seafarers. Wilhelmsen Ship Management provides technical and crew management services for various vessel segments; LNG/LPG, Ro-Ro and PCC/PCTC, Container, Cruise, Bulk, and Offshore. Wilhelmsen Ship Management manages from six offices worldwide and has a crewing network of 16 manning offices in 12 countries. Other key services include dry docking services, lay-up services, new building supervision, and Inventory of Hazardous Materials (IHM).
About Stove Shipping
Stove Shipping, established in 1959, is a family owned, first class shipowning company with focus on geared bulk carriers within the supramax segments. Stove Shipping vessels are built to the highest standards, by the world’s leading shipyards and are equipped to transport dry bulk commodities in addition to steel and forest products. The worldwide trading of Stove Shipping vessels has brought the company together with people and companies from across the globe.