Isle of Man to flag new chemical tanker for Singaporean owner

The 12,113 dwt chemical tanker Peninsula XI was formally delivered and registered to the IOMSR at a ceremony held at Hyundai Mipo Dockyard Co Ltd in South Korea in January 2023. The deal extends its relationship with Singapore-based ship owner Peninsula International Shipping PTE Ltd. Two other sister tankers, the Peninsula IX and Peninsula X, also operate under the IOMSR flag.

Following the new deal, the IOMSR has expanded its exposure in Asia – a key market with two thirds of its fleet now managed in the region. Just in December the IOMSR announced it is joining the Singapore headquartered Asian Shipowners Association (ASA) to support its ASEAN operations.

Cameron Mitchell, IOMSR director, welcomed the Peninsula XI to the Manx flag which represents almost a third of tonnage under the Red Ensign.

He said: “We’re delighted that we can now build on our relationship with Peninsula International Shipping PTE Ltd and offer enhanced support and service through our representative in Singapore Captain Raja Ray.”

A Peninsula International Shipping PTE Ltd spokesperson said: “This agreement for IOMSR to add another of our vessels to its fleet is clear proof of the excellent partnership between our two organisations. We look forward to continuing this close working relationship for many years into the future.”