Hercules Tanker Management (HTM) has plans underway to expand and renew its fleet with six new vessels, with an option for an additional four to be finalized later this year.
HTM has confirmed that construction is underway for a series of 7,700 DWT IMO II chemical tankers, which will join the company’s growing fleet. These vessels, designed as sister ships to four tankers announced earlier in the year. All six vessels are currently under construction at the Jiangmen Hangtong shipyard in China.
HTM anticipates these additions will further strengthen its operational capacity and meet the evolving demands of the chemical transport industry.
John A. Bassadone, Founder and CEO of both Peninsula and Hercules Tanker Management, noted that the order for the new vessels represents a significant milestone for HTM, aligning with the company’s ongoing efforts to expand and modernize its fleet to meet the needs of both HTM’s and Peninsula’s customers.
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
… said John A. Bassadone.
