31.07.2008 - STM continues its programme of expansion in the Caspian Sea

After concluding another succesful round of negotiations with MBX Shipping Ltd, Swiss Tanker Management (STM) has been entrusted with a third sister ship from MBX Shipping, which will be chartered out through STM on a commercial management basis.
MBX Shipping Ltd together with its affiliated companies owns a total of five vessels, with all three of their tanker vessels now being managed by STM.
M/T Kasakhstan was delivered to STM early June in Aktau and since then she has been running cross Caspian Sea voyages with dirty products. Link to the Q88
With this additional unit under management, STM and the Riverlake Group continue to strengten their position in the Caspian Sea.
STM is the commercial management arm of the Riverlake group. It represents the ideal tool for clients who wish to increase their shipping exposure or more simply, want to enter the shipping industry without the tools and/or the knowledge to do it. STM ensures clients’ vessels are optimised in terms of price, position and quality in order to maximise returns. It is STM strategy to increase its portfolio of clients and number of ships on management, which presently consists of seven units ranging from 12'200 to 105'000 dwt with an average age of 2.5 years.

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