Delivery of newbuilding

On 22nd of February 2018 our subsidiary Stream Shipping AS took delivery of M/T Stream Arctic, a 19 999 dwt. advanced eco-friendly chemical tanker with stainless steel cargo tanks.

The newbuilding was delivered by Fukuoka Shipbuilding Co. Ltd. in Japan and is the first in a series of four newbuildings from the same yard to be delivered in 2018 and 2019. The vessels have eco-design hulls and combined with modern efficient engines will give substantial fuel reductions.

Utkilen AS is a fully integrated shipping company with headquarters in Bergen, Norway. The company was founded in 1967 and owns and operates 18 ice-class chemical tankers ranging from around 5,000 to 20,000 dwt. in size. Furthermore, Utkilen has four 20,000 dwt. stainless steel newbuildings for global trade on order. Utkilen is one of the major seaway transporting companies of chemicals and other bulk liquid cargoes in Northern Europe.

Bergen, 22 February 2018

Utkilen AS

Contact persons:

Kjell Ove Breivik, CEO

Mobile: +47 414 43614

Espen Bjelland, CFO

Mobile: +47 900 15570