Chelsea Logistics and Infrastructure Holdings Corp. accepted the delivery of its first Medium Range (MR)
tanker on April 25, 2018. This 51,604 DWT tanker was built in 2013 by Hyundai Mipo Dockyard
Co. Ltd. in South Korea. Consequently, this acquisition brings the total DWT of CLC to 110,255
DWT from 58,651 DWT or an increase of 88% in capacity.
This MR tanker is intended primarily to support the logistics requirements of the local oil
companies in the importation of various petroleum products from the region. It has multiple
product segregation and can carry up to 53 million liters of various petroleum product types.
Similarly, the Company received its first floating dock earlier this month. It is 150 meters long
and 31.6 meters wide with a lifting capacity of 5,000 tonnes and will be used for the drydocking
and repair of approximately up to 30% of the Company’s existing fleet.
“We expect to realize considerable savings in repairs and maintenance costs of the Group once
the floating dock is put into operations. More importantly, the availability of our own facility for
drydocking and repair is expected to contribute to the improvement of the overall fleet utilization
of the Group with more visibility on the completion of scheduled repairs and maintenance,” said
CLC President and CEO Chryss Alfonsus V. Damuy.
“This is a step closer to the Company’s plan to embark on shipyard operations,” Mr. Damuy