Hercules Tanker Management (HTM) on Tuesday (12 November) announced plans to further expand and renew its fleet with six new vessels, and the option to build an additional four, set to be agreed later this year.
Following last month’s announcement of the construction of four new tankers, HTM, the new shipping venture launched by John A. Bassadone, founder and CEO of independent marine fuel supplier Peninsula, is now adding a further 10 ‘ultra-spec’ vessels, in a 6+4 deal, with the first expected to be delivered in 2026.
The 7,700 DWT IMO II Chemical Tankers will be sister ships to the four vessels announced previously, and are also being constructed in the Jiangmen Hangtong shipyard in China.
The vessels are described as ‘ultra-spec’ due to their flexible, sustainable design, which aims to minimise emissions.
All vessels will have the ability to supply up to 100% biofuel, all forms of methanol and feature diesel-electric and battery-ready power units, which, combined with advanced hull and propeller design, will reduce emissions by around 20% compared to older conventional barges.
John A. Bassadone, Founder and CEO Hercules Tanker Management and Peninsula, said: “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.”
“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.”
Related: Peninsula to time-charter four tanker newbuildings from HTM
Related: Peninsula founder launches shipping firm Hercules Tanker Management
Related: Hercules Tanker Management orders LNG bunkering vessel from Hyundai Mipo
Photo credit: Hercules Tanker Management
Published: 14 November, 2024
