Aurora Tankers Completes Delivery of Latest Newbuilding Series with Launch of Maritime Verity​

Aurora Tankers Completes Delivery of Latest Newbuilding Series with Launch of Maritime Verity

Singapore, 3 September 2021 – Aurora Tankers, the tanker arm of IMC Shipping, has completed its latest newbuilding series with the launch of its 50,000 dwt IMO II MR Chemical Tanker, Maritime Verity. The last delivery in a series of eight newbuildings, commissioned in 2017 in a joint venture with CSSC Shipping, will enter Aurora Tankers Pool’s fleet of 22 coated chemical tankers plying major global and intra-Asia trade routes.

Mr Frederik Guttormsen, Managing Director, Shipping, IMC Industrial Group said, “Beyond renewing our fleet with modern tonnage to provide our customers with safe, reliable and cost-effective voyages, we are looking to double the number of vessels in our Pool, building on our positive view of the forward chemical market. The first seven ships of the series have been received positively by our customers and achieved encouraging performance levels.”

Construction of Aurora Tankers’ newbuildings was conceptualised, developed and supervised by IMC Shipping’s in-house newbuilding consultancy, ship conversion and engineering project services division. Named after virtues to reflect IMC’s core values, Maritime Verity and her sister newbuildings have 22 cargo tanks each and are installed with Exhaust Gas Cleaning Systems (SOx scrubber), meeting IMO’s Energy Efficient Design Index Phase 3 requirements with more than 30% reduction in CO2 values. They are also equipped with high-tech real-time vessel performance monitoring systems. These attributes, coupled with energy-efficient engine room operations and cargo handling systems, allow the vessels to offer more efficient fuel consumption, a cleaner environmental footprint, enhanced operating accuracy and optimum manpower utilisation.

Mr Guttormsen added, “Our transformation from a traditional shipowner to a services-focused operator is well underway. We have stayed resilient against the challenges of COVID-19 and continue to leverage our legacy knowledge and expertise to expand our business capabilities. We are making strategic investments in digital solutions, developing integrated services and forging partnerships that create value for customers and sharpen their competitive edge.”  

Aurora Tankers operates one of the largest Asia-based fleets of chemical tankers and has over 25 years of experience in liquid bulk shipping with a proven track record in meeting safety and reliability standards of oil majors and key chemical companies. With offices in Singapore, Shanghai, Houston, Dubai, Seoul and Tokyo, Aurora Tankers is well-positioned to serve customers in all the major markets. In addition to its fleet renewal exercise and digitalisation activities, it recently embarked on a strategic partnership with Golden Stena Baycrest Tankers to operate and manage J19 stainless-steel chemical tankers to serve customers with greater flexibility and position for further growth in an expanding market.

Aurora Tankers and GSB Tankers Announce Strategic Partnership in J19 Stainless Steel Tanker Segment

Aurora Tankers and GSB Tankers Announce Strategic Partnership in J19 Stainless Steel Tanker Segment

Singapore, 1 July 2021 – Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), announced today it has formed a strategic partnership with Golden Stena Baycrest Tankers (GSB), to manage and operate stainless steel tankers.  The collaboration will be focusing on expansion across the Asia region for the two companies.

Golden Stena Baycrest Tankers (GSB) is a joint venture between Golden Agri-Resources, Stena Bulk and Bay Crest Management, which was established on 1 January 2019.

Frederik Guttormsen, Managing Director, IMC Shipping Group, said: “I am very pleased to announce this strategic partnership with GSB. This will give us more scale, drive efficiencies and be a platform for further expansion in the stainless steel chemical tanker segment.”

“We remain confident in the chemical tanker market overall and we will continue to expand our shipping platform which today include our 22 strong MR tanker fleet, our stainless-steel 19k fleet, CSIMC, our fleet of MPV’s, the global dry bulk operating business and the domestic operation in Indonesia by PT Pelita Samudera Shipping Tbk,” added Guttormsen.

Dexter Say, Managing Director of Aurora Tankers, added: “This joint operation partnership is a step towards building our stainless steel fleet and serving customers with greater flexibility. We believe the timing of the partnership is perfect, as the medium to long term outlook for the chemical tanker market is positive. We look forward to working together with GSB Tankers to achieve both companies’ goals”.

The partnership will commence on July 1, 2021.

IMC Dry Bulk Appoints Keith Denholm as Commercial Director

IMC Dry Bulk Appoints Keith Denholm as Commercial Director

Singapore, 25 June 2021 – Keith Denholm has been appointed Commercial Director at IMC Dry Bulk, part of IMC Industrial Group (IMCIG).

“We are very pleased to have Keith Denholm onboard. His extensive experience in dry bulk shipping and commodity trading will be very valuable to IMC and to our ongoing expansion in the Dry Bulk Operating segment”, said Frederik Guttormsen, Managing Director, IMC Shipping Group.

Denholm has held several senior leadership roles in major shipping and trading companies and is excited about the future of IMCIG’s Dry Bulk business and the development of the Shipping Services Platform. “IMC, with its vast maritime portfolio, is in a strong position to capture market opportunities and to take a leading role in innovation in the industry. I am looking forward to contribute with my experience and to continue adding value to our clients in this period of growth and innovation.”

“Keith will primarily be focusing on growing our Asset Light Operating Business and will also work closely with our other shipping businesses, which consists of IMC Tankers and Ship Services, to further expand our Integrated Platform”, Guttormsen added.

IMC Shipping Signs the Neptune Declaration on Seafarer Wellbeing and Crew Change

IMC Shipping Signs the Neptune Declaration on Seafarer Wellbeing and Crew Change

Singapore, 27 January 2021 – IMC Shipping has signed the Neptune Declaration on Seafarer Wellbeing and Crew Change together with over 300 stakeholders from the maritime industry. We are doing this to show our strong commitment to the global call-to-action to end the unprecedented crew change crisis caused by Covid-19.

The Neptune Declaration was formed by Maritime Industry Crew Change Taskforce following initial discussions at the Global Maritime Forum’s Virtual High-Level Meeting in 2020.

To address the crisis, the declaration identifies the following main actions: 

  1. Recognize seafarers as key workers and give them priority access to Covid-19 vaccines
  2. Establish and implement gold standard health protocols based on existing best practice
  3. Increase collaboration between ship operators and charterers to facilitate crew changes
  4. Ensure air connectivity between key maritime hubs for seafarers

Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group commented: 

“We at IMC Shipping are deeply concerned about the thousands of international seafarers around the world being impacted by the lack of crew changes and the impact on the physical and mental wellbeing of these seafarers.  

All of us have a shared responsibility and important roles to play to ensure this humanitarian crisis gets resolved as soon as possible.  Together, we need to build a more resilient maritime supply chain to ensure and protect the rights and wellbeing of our seafarers.”

Aurora Tankers Takes Delivery of the Third Vessel of a Series of Eight IMO Type II Mr Chemical Tanker – Maritime Amity

Aurora Tankers Takes Delivery of the Third Vessel of a Series of Eight IMO Type II Mr Chemical Tanker – Maritime Amity

Singapore, 6 January 2021 – Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), takes delivery of the third of its eight newbuildings – Maritime Amity today. The remaining five newbuildings are scheduled to be delivered through 2021.

The design of the vessel has been developed from over 20 years of experience in trading IMO Type II cargo by Aurora Tankers with the technical team led by IMC Shipping & Offshore Tech Services.  Maritime Amity is the 3rd generation of IMO Type II MR Chemical Tanker designed and built by IMC.

The series will be operated in the Aurora Tankers Pool, bringing the total MR fleet to 22 vessels.

Mr Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group (IMCIG) commented: “We are happy to note that our first and second newbuildings in this series – Maritime Comity and Maritime Tranquility, are operationally performing very well and we have been receiving positive feedback from our customers since they were launched last year.  We look forward to continuously exceeding our customer needs with Maritime Amity too.”

He added: “On behalf of IMC Industrial Group, I want to thank all the team members, including all our IMC colleagues for your hard work.  We look forward to the launch of the remaining five newbuildings this year.”

Maritime Amity is currently the largest zinc coated MR equipped with exhaust gas cleaning system in the market.  It is fitted with nitrogen inert gas system to ensure longer life of coating and reduced cleaning costs.  It is also installed with shore-based online ship performance monitoring system with artificial intelligence to enhance ship operation and management quality.

The eco and modern design allow for large cubic to maximize cargo loads with low specific gravity. Each ship also comes with fitted scrubber and with a shallow draft design allowing for maximum flexibility for trading and operations.

Aurora Tankers Takes Delivery of the Second Vessel Of A Series of Eight IMO Type II Mr Chemical Tanker – Maritime Tranquility

Aurora Tankers Takes Delivery of the Second Vessel Of A Series of Eight IMO Type II Mr Chemical Tanker – Maritime Tranquility

Singapore, 30 September 2020 – Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), takes delivery of the second of its eight newbuildings – Maritime Tranquility today. The remaining six newbuildings are scheduled to be delivered throughout 2021.

Maritime Tranquility is the third generation of IMO Type II MR Chemical Tanker designed and managed by IMC’s in-house technical team. The design has been developed by Aurora Tankers, with its over 20 years of experience in trading IMO Type II cargo. 

The series will be operated in the Aurora Tankers Pool, bringing the total MR fleet to 22 vessels.

Mr Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group (IMCIG) commented: “We are happy to see that our first newbuilding in this series – Maritime Comity, is operationally performing very well and we have been receiving positive feedback from our customers since it was launched last month.  We look forward to continuously exceed our customer needs with Maritime Tranquility.”

He added: “On behalf of IMC Industrial Group, I want to thank all the team members from Guangzhou Shipyard and CSSC Shipping, as well as all our IMC colleagues for your hard work.  We look forward to the launch of the remaining six newbuildings.”

Maritime Tranquility is currently the largest zinc coated MR equipped with exhaust gas cleaning system in the market.  It is fitted with nitrogen inert gas system to ensure longer life of coating and reduced cleaning costs.  It is also installed with shore-based online ship performance monitoring system with artificial intelligence, to enhance ship operation and management quality.

The eco and modern design of Maritime Tranquility allows for large cubic to maximize cargo loads with low specific gravity. The vessel is also with fitted scrubber and with a shallow draft design allowing for maximum flexibility for trading and operations.

IMC Industrial Group Chooses Veson Nautical’s Veson IMOS Platform

IMC Industrial Group Chooses Veson Nautical’s Veson IMOS Platform

Integrated Maritime & Industrial Solutions Provider Partners with Veson to Support Robust Business Operations

Singapore and Boston MA, USA – 31 August 2020  – Veson Nautical, the leading provider of commercial maritime software and services; and IMC Industrial Group, an integrated maritime and industrial solutions provider; today announced the selection of Veson’s cloud-based Veson IMOS Platform (VIP) as IMC Industrial Group’s end-to-end maritime solution.

IMC Industrial Group comprises Shipping, Logistics, Marine and Offshore Engineering, Shipyards and Ports businesses, offering a wide-ranging set of services across multiple supply chains. When evaluating potential maritime systems, the Group sought a solution that was as comprehensive as their businesses; one that would support their vision and strategy across various company verticals, to better meet their customer needs.

In their Dry bulk & Parceling vertical, IMC identified the need for timely insight and voyage performance analysis to improve fleet competitiveness, to actively grow their cargo-based businesses. For Liquid bulk, IMC needed a centralized workspace to react quickly to market conditions and gain valuable insights into business opportunities. For ILBU (Tugs/Barges, FLF, and MV), IMC sought to digitalize their voyage management process to provide high quality, reliable service that would drive potential growth in new markets.

Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group commented: “The Veson IMOS Platform was the clear choice for us. This future-fit solution will support and enable exponential growth for our core shipping businesses.  It will also provide analytics and business insight for timely and well-informed decision making, improve productivity, and standardize processes for greater efficiency as our competitive edge. We look forward to working collaboratively with Veson to take our IMC businesses to the next level.”

“The Veson team is thrilled to welcome IMC Industrial Group onboard,” stated Bradley Jee, Commercial Director, APJ at Veson Nautical. “The Group’s mission to be a future-fit organization highlights their ability to continuously evolve and provide dynamic solutions for their customers. This implementation of VIP is an exciting milestone in their commitment to innovation.”

Aurora Tankers Takes Delivery of First of a Series of Eight 49,000 DWT IMO 2 MR – Maritime Comity

Aurora Tankers Takes Delivery of First of a Series of Eight 49,000 DWT IMO 2 MR – Maritime Comity

Singapore, 21 August 2020 – Aurora Tankers, a wholly owned subsidiary of IMC Industrial Group (IMC), launches first of its eight newbuildings – Maritime Comity today. The remaining seven newbuildings are scheduled to be delivered from September this year and until fourth quarter of 2021.

The series will be operated in the Aurora Tankers Pool, bringing the total MR fleet to 22 vessels.

Mr Frederik Guttormsen, Senior Director, Shipping, IMC Industrial Group (IMCIG) commented: “Aurora Tankers’ first newbuilding in this series of eight supports our strategy of growth and will continue to improve our service offering to our customers. The series will be operated in our Aurora Tankers pool, strengthening our position as a leading IMO 2 MR operator. Congratulations to everyone involved.” 

He added: “We appreciate CSSC Shipping and their efforts in the completion of this first delivery during these challenging times caused by the Covid-19 pandemic. We are looking forward to further strengthening our partnership in the years ahead.”

Maritime Comity is currently the largest zinc coated MR equipped with exhaust gas cleaning system in the market.  It is fitted with nitrogen inert gas system to ensure longer life of coating and reduced cleaning costs.  It is also installed with shore-based online ship performance monitoring system to enhance ship operation and management quality. The eco and modern design allow for large cubic to maximize cargo loads with low specific gravity. Each ship also comes with fitted scrubber and with a shallow draft design allowing for maximum flexibility for trading and operations.

IMC Industrial Group and Tsao Foundation 13th Annual Charity Golf event

IMC Industrial Group and Tsao Foundation raise more than S$250,000 at 13th Annual Charity Golf event

Funds raised will go towards Hua Mei Centre for Successful Ageing  and Community for Successful Ageing (ComSA)

Singapore, 6 November 2019 – IMC Industrial Group (IMCIG) and Tsao Foundation tee off at the golf course on 11 October 2019, raising more than S$250,000 at the annual IMC-Tsao Foundation Charity Golf 2019 at the Tanah Merah Country Club.

The event was a success thanks to the generous contributions of IMCIG’s business partners, and Tsao Foundation’s longtime event partner, Tanah Merah Country Club, as well as regular donors and committed volunteers of both Tsao Foundation and IMCIG.

Additionally, the Organising Committee is also hopeful for a prospective grant of S$50,000 from Tote Board and matching grant from the Agency for Integrated Care (AIC)’s administered Community Silver Trust grant.

Dr Mary Ann Tsao, Chairman of Tsao Foundation, said, “We are very thankful to have such committed support from our partners, donors, and volunteers who worked hard to put together the charity event and raised the funds vital for older people in need. It is our hope that everyone enjoyed themselves, getting into the swing of giving back to the community while raising awareness for the crucial issue of developing better eldercare.”

She added, “These funds will go a long way in sustaining Tsao Foundation’s day-to-day eldercare services at the Hua Mei Centre for Successful Ageing (HMCSA), which has served elders and their families in need since its inception in 1993, and in supporting our new initiatives under the Community for Successful Ageing (ComSA)”.

These efforts is timely as Tsao Foundation launched recent expansions of eldercare capabilities earlier this year, positioning Whampoa Community Centre as a one-stop Longevity Central with a service helpline, community library, and a pilot primary care cum care management service for older parents with adult intellectually disabled children.

Mr Ryan Chan, Group Managing Director, IMC Industrial Group, said: “We are pleased to have the ardent support of our business partners who contributed golf flights and cash donations at the IMC-Tsao Foundation Charity Golf 2019.  Over the years, this annual fundraising effort has continued to benefit the 3,500 elderly, enabling them to lead enriched lives through holistic and adequate healthcare support at Tsao Foundation.”

Mr Er Kwong Wah, Chairman of IMC-Tsao Foundation Charity Golf, expressed gratitude for the events’ continued success over the years. “The annual charity golf is an example of how private companies and individuals form a lasting relationship over a common cause. It also inspires and enables them to work towards co-creating a Singapore for all ages to live and age well together. The Committee may take a rest after the event but the Foundation will continue to strive for more meaningful partnerships with private and public enterprises to do more for ageing Singapore. We are also pleased to know that the final total amount raised – including all matching funds and grants – will bring much relief and joy to many more vulnerable seniors.”

IMC Industrial Group’s 12th annual Charity Golf event

IMC Tsao Foundation charity golf 2018

IMC Industrial Group’s 12th annual Charity Golf event

12 / 11/ 2018

IMC Industrial Group (IMCIG) and Tsao Foundation worked diligently over the last four months and managed to raise over S$265,000 at the annual IMC-Tsao Foundation Charity Golf 2018 held at the Tanah Merah Country Club today.

It was made possible by the generosity of IMCIG’s business associates and corporate customers and Tsao Foundation’s donors. In addition, the organizing committee is hoping to receive another $100,000 grant from the Tote Board, as well as matching fund from the Agency for Integrated Care (AIC) Community Silver Trust grant.

The total amount raised will help to fund the eldercare services at Hua Mei Centre for Successful Ageing (HMCSA) – one of the initiatives at Tsao Foundation – which serves some 3,500 elders and their families.

The Hua Mei Centre for Successful Ageing (HMCSA) is a one-stop, first-stop primary healthcare provider at Tsao Foundation established since 1993. The Centre delivers team-managed medical, social, and psycho-emotional care primarily to adults aged 40 years and above living in the community. It also offers support and guidance to their caregivers.

HMCSA encourages self-care and self-mastery to promote wellbeing, providing necessary information and training at the clients’ pace. Clients of HMCSA can consult at more than one clinic or programme at the same time, or transfer from one to another as their needs change over time. Over the care continuum, they engage their clients in active health promotion and preventive healthcare through to disease management and end of life care.

More than 100 IMC Industrial Group’s business associates and corporate customers and donors from Tsao Foundation participated in the charitable cause, to help towards capacity building needed for providing quality care for the elderly.

Mr Ryan Chan, Group Managing Director, IMC Industrial Group, said: “We are grateful to our business partners and associates for their continuous support for this charitable cause. This annual fundraising initiative for Tsao Foundation is our way of helping the 3,500 elderly, to continue to enjoy quality life in their golden years. We look forward to working closely with Tsao Foundation for many more initiatives, to provide care and concern for the aged.”

“This is the 12th year that we have organized this IMC-Tsao Foundation Charity Golf and we are really grateful to the strong support we garnered through the years. The amount raised will go to the seven services under the umbrella of HMCSA towards providing person-centred, holistic healthcare to elders and their families with the aim of enabling them to optimize their health and well-being across the life course, and to age at home and in the community”, added Mr Er Kwong Wah, Chairman of IMC-Tsao Foundation Charity Golf.

IMC Tsao Foundation Charity Golf 2018