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Wilhelmsen Ship Management receives two supramaxes from Stove Shipping AS

Published by , Assistant Editor
Dry Bulk,

Wilhelmsen Ship Management (WSM) has announced that the company have been selected as the technical manager for the Stove Shipping AS (Stove) vessels, Stove Friend and Stove Tide.

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," said Carl Schou, CEO and President of Wilhelmsen Ship Management. 

“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,” said Pal Gilde, Technical Fleet Manager of Stove. This year, WSM and Stove commemorates 10 years of good working relationship."

In addition to these two vessels from Stove, WSM have secured more than 40 new vessels into technical management for 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, the company are also expanding its gas fleet.

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