Oslo-listed shipowner Stainless Tankers has outlined plans to sell the remaining six chemical tankers in its fleet over the next 18 months, effectively signaling a complete fleet divestment.
The company intends to execute an orderly sale of these six vessels within the five-year investment horizon established at its inception and prior to the onset of the next cycle of major capital expenditure requirements. The operational management platform will remain in place while the vessels are marketed for sale.
The six vessels slated for sale are all IMO Type II stainless steel chemical tankers with a deadweight of 20,000 tonnes; all were delivered by Japanese shipyards between 2007 and 2009 and currently operate within the Womar pool.
As of the end of June 2026, the valuation of Stainless Tankers’ remaining fleet stands at $101.8 million, with outstanding net debt of $35.5 million and net assets of $70.5 million, equivalent to $5.22 per share.
Recent reports indicate that Stainless Tankers has sold three of the nine vessels it operated at the end of 2024—specifically the Marmotas and Monax (both built in 2005) and the Gwen (built in 2008)—for a combined total of approximately $47.36 million.
To date, Stainless Tankers has returned the majority of the proceeds from these sales and its operating cash flow to investors. Including the latest quarterly dividend of $0.135 per share, total distributions since the company’s listing in 2023 will reach $3.24 per share, representing approximately 65% of the initial capital raised.