Stainless Tankers ASA
OOSL:STST41.90
NOK
-0.30
(-0.71%)
ISIN
NO0012780958
Return %
Stock
S&P 500
1Y
-4.77
14.20
3Y
-2.51
81.12
5Y
- -
68.34
Capital Structure
USD
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in mil. unless spec.Working Capital
USD
•
in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Quarterly Revenue
USD
•
in mil. unless spec.Quarterly Earnings Per Share
USD
•
in mil. unless spec.Quarterly Dividends Per Share
USD
•
in mil. unless spec.Company Description
- CEO
- Nicolas Tirogalas
- Sector
- Transportation
- Industry
- Marine shipping
- Address
- Oslo Norway
- IPO Date
- Apr 28, 2023
- Website
- stainlesstankers.com
- Similar Companies
- Business
- Stainless Tankers ASA is a Norway-based maritime shipping company that specializes in the seaborne transportation of chemical and specialty liquid bulk cargoes worldwide. The company operates as a pure-play owner of stainless steel IMO Type II chemical tankers, providing marine freight and parcel tanker transport services across major global sea lanes. Its core service offerings and cargo handling capabilities encompass the marine transport of corrosive inorganic chemicals; industrial acids, including sulfuric acid, phosphoric acid, and nitric acid; organic petrochemicals, including aromatics, glycols, alcohols, and solvents; edible and agricultural bulk liquids, including vegetable oils and animal fats; and clean refined petroleum products, biofuels, and synthetic lubricants. The company manages its fleet commercially through the Womar chemical tanker pool and contracts corporate and technical management services through Tufton Management Limited. Stainless Tankers ASA caters primarily to global chemical manufacturers, multinational commodity traders, agricultural processors, and energy corporations across international trading routes throughout Asia-Pacific, the Middle East, Europe, and the Americas. Founded in December 2022 and listed on the Euronext Growth Oslo exchange in April 2023, the company is headquartered in Oslo, Norway. In recent operational and strategic developments, Stainless Tankers ASA initiated an orderly fleet monetization and capital return program designed to divest its Japanese-built chemical tankers ahead of major capital expenditure milestones. Within this divestment program, the company completed the sales and deliveries of the chemical tankers Marmotas and Monax in early 2025, followed by the sale and delivery of the chemical tanker Gwen in August 2025. Furthermore, the company established an 18-month strategic mandate to sell its remaining six vessels in an orderly manner and distribute the net proceeds and accumulated operating cash flows directly to shareholders through regular and special capital distributions.