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WSM AWARDED TECHINCAL MAGAGEMENT FOR STOVE BULKERS

Wednesday, August 14, 2019 

Wilhelmsen Ship Management (WSM) has been selected as the technical manager for the Stove Shipping vessels 'Stove Friend' and 'Stove Tide'.

The two supramaxes are the newest addition to the Stove fleet built in 2016 by Tsuneishi shipbuilding. 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 (pictured).

“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 has secured more than 40 new vessels into technical management so far this year. WSM is optimistic about the future of the ship management industry driven by the improved sentiment in some market segments. As well as the managed bulk carrier fleet, WSM seeks to expand its gas fleet.

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