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BLT announced Acquisition of Chembulk Tanker LLC

Chembulk Tanker LLC is a limited liability company and is one of the ten largest owners and managers of stainless steel chemical tankers in the world. Chembulk owns and commercially manages 11 stainless steel chemical tankers and charters-in five stainless steel chemical tankers under long-term time charters, all of which have purchase options. Chembulk has the youngest large stainless steel chemical tanker fleet in the industry with an average age of 3.7 years compared to the industry average of 12 years. Chenbulk’s large and modern fleet allows it to contract out its vessel to high-quality customers. This Acquisition is subject to BLT’s shareholders’ approval which shall be sought in an Extraordinary General Meeting of Shareholders expectedly within this year.
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