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In the year 2000, CASTROL were bought over by BP (British
Petroleum). As of 2004, our vessel FSL PRIDE was chartered by BP and both the
brands i.e. CASTROL and BP's bulk and packed products were supplied to their
various nominated clients. The volumes handled by our vessel averaged 1.8
million liters per month.
In the year 2006, BP found our vessel on the small side and thus
opted out of the charter. Ever since that time the vessel FSL PRIDE is
chartered to another major oil company. Foreseeing a new legislation for Double
hull, double skin tankers.
FSL has already ordered a new tanker which is presently under construction and
expected to be delivered in February, 2008. This will be a 650 ton tanker with
a speed of 12 knots.
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