Breaking News

We are happy to announce that E&S Tankers has been established and will go live on 1st January 2021. We are really looking forward to servicing all our valued customers and brokers and will ensure a smooth transition phase from Essberger Tankers and SNIES.

Finally, we would like to take the opportunity to wish you all a Merry Christmas and a happy New Year with all the best wishes for 2021. From 1st of January we will be available on the below new span contact details with the service and quality that you are used to, and we are proud of.

An important note, please be aware that Essberger Tankers and SNIES remains as competitors until commencement date of 1st January 2021.

Yours faithfully,
Jan Eghøj
Managing Director

Announcement

Essberger Tankers and Stolt Tankers announced today, that they have entered into a joint venture for the operation of their combined parcel tanker fleets trading within Europe. As of January 1, 2021, the joint venture, named E&S Tankers, will offer customers a combined fleet of 48 parcel tankers ranging in size from 2,800 to 11,300 deadweight tonnes, trading in Europe and in particular within the Baltic, Mediterranean and Northwest Europe.

Commenting on the new venture, Lucas Vos, President of Stolt Tankers noted: “This joint venture demonstrates Stolt Tankers’ proven ability to develop opportunities and generate value in a changing market. E&S Tankers will provide enhanced reliability, logistical flexibility, and minimize network inefficiencies across our combined fleets. Furthermore, we expect E&S Tankers to help deliver on our sustainability commitments by reducing CO2 emissions while providing the continued best-in-class environmental and safety standards our customers expect. Most importantly, I expect the newly formed joint venture to deliver significant cost savings."

“Essberger and Stolt Tankers are strong heritage businesses with a very good match in their values and business approach. With this joint venture we have combined our vast experience in the parcel tanker market for the benefit of our customers. Improved fleet efficiencies will enable us to invest in the future, to remain the preferred long-term partner for our highly valued customers”, said Jan Eghøj, Managing Director John T. Essberger. “We are not only pleased that our fleet of 34 tankers will be fully integrated into the joint venture, but also that our experienced and dedicated staff will continue to work at the E&S Tankers company, located in Hamburg, Germany.”

The joint venture is subject to being granted clearance by German competition authorities that is expected during December 2020.