Golden Stena Baycrest Tankers

What Golden Stena Baycrest Tankers does

Golden Stena Baycrest Tankers (GSB Tankers) is a Singapore-headquartered commercial ship management operator that provides chartering, commercial management, and vessel pooling services for intermediate-size stainless steel chemical tankers. Formed in January 2019 as a joint venture between Golden-Agri Stena (itself a 50-50 JV of Golden Agri-Resources and Stena Bulk dating to 2012) and Bay Crest Management, the company commenced operations with offices in Singapore, Dubai, and Yokohama to cover the Arabian Gulf to Far East trade lane. Its managed fleet totals 9 vessels (5 in the J19 Pool and 4 in the ACTA Pool), ranging from 12,200 to 20,938 DWT, transporting edible oils, chemicals, and CPP (Coated Products).

The company's core offerings are organized around three revenue streams: commercial management fees for ship owners, pool participation fees under the J19 and ACTA pool schemes, and chartering commissions generated through voyage execution. The J19 Pool, established in July 2021 as a joint operation with Aurora Tankers (a subsidiary of IMC Industrial Group), is the central platform and provides ship owners pooled resources, market-leading earnings management, transparent scheme terms, and flexible entry/exit. Differentiated capabilities include access to Stena Bulk's bunker procurement team (covering Stena's 100+ operated ships), Golden Agri-Resources' in-house palm oil cargo programs out of Southeast Asia, and multi-office 24/7 coverage. Pricing is quote-based with multi-year pool contracts; specific rates are not publicly disclosed.

GSB Tankers' go-to-market is enterprise field sales, targeting ship owners, commercial managers, and pool managers through direct relationships, with named charterer counterparties that include Shell Petroleum, Glencore, Reliance Industries, Mitsui & Co, Mitsubishi Corporation, Petronas, Tricon, and Golden Agri-Resources. As of January 2025, the company extended its platform via a JV with Asahi Tanker to deepen Asia expansion, and has onboarded Lila Global (2023), MAC Shipping (2023), and Nhat Viet Trans (2024) as new J19 Pool members. The company is privately held, headquartered at Suntec Tower Four in Singapore, and operates with 11-50 employees.

Name

Golden Stena Baycrest Tankers

Legal name

Golden Stena Baycrest Tankers

Website

https://gsbtankers.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Golden Stena Baycrest Tankers is a Singapore-based commercial ship management operator that runs the J19 and ACTA vessel pools for intermediate-size stainless steel chemical tankers trading between the Arabian Gulf and the Far East, serving ship owners, pool members, and multinational charterers.

Ownership category

akta.pro rank

Product category

Chemical Tanker Commercial Ship Management

NAICS

Coastal and Great Lakes Freight Transportation (483113)

SIC

Water Transportation (4400), Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

Crude Oil & Petroleum Products Tanker Transport (TLADALAA)

Keywords

• Chemical tanker management
• Commercial ship management
• Vessel pool services
• Stainless steel tankers
• Seaborne chemical logistics

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Commercial Management Fees: GSB Tankers earns fees for undertaking operation and commercial management of chemical tankers for ship owners. Services include maximizing chartering returns and operational prudence through alignment of interest model.
2. Pool Participation Fees: Revenue generated from vessel pooling services where ship owners contribute vessels to the J19 Pool in exchange for commercial management, market data, and optimized returns through economies of scale.
3. Chartering Operations: GSB Tankers conducts chartering and operations from its Singapore, Dubai, and Tokyo offices, generating revenue through maritime transportation contracts for edible oils, chemicals, and CPP.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Golden Stena Baycrest Tankers (GSB Tankers) is an international commercial ship management operator that provides commercial management, vessel pooling, and chartering services for intermediate-size stainless steel chemical tankers (up to 25,000 DWT). The company operates the J19 Pool in joint operations with Aurora Tankers and ACTA Pool, offering ship owners pooled resources, market coverage, and one-stop operation services (voyage execution, port dues, bunker procurement, freight collection) for the transportation of edible oils, chemicals, and CPP between the Arabian Gulf and Far East Region.

Product overview

GSB Tankers operates as an international commercial ship management operator offering a portfolio of integrated services for chemical tankers. The core offerings include J19 Pool (joint operations with Aurora Tankers for stainless steel tankers), ACTA Pool, Commercial Management Services, Chartering, and Shipping/Transportation Services. The company manages a fleet of intermediate-size vessels up to 25,000 DWT and focuses on stainless steel and coated tankers trading edible oils, chemicals, and CPP between Arabian Gulf and Far East Region. Services are delivered through offices in Singapore, Dubai, and Japan.

Differentiator

Problem solved

Functional benefit

Products and services

• J19 Pool Joint operations pool for managing and operating stainless steel chemical tankers, providing commercial management, market data, and economies of scale to ship owners contributing vessels. Operated jointly with Aurora Tankers with vessels trading worldwide.
• ACTA Pool Pool service for stainless steel tankers managed under ACTA, offering economies of scale and transportation capabilities for intermediate-size vessels in GSB Tankers' fleet (Begonia, Sunny Orion, Sunny Rainbow, ASL Orchid).
• Commercial Management Services End-to-end commercial management for chemical tankers including chartering optimization, operational prudence, voyage execution support, bunker procurement, port dues management, and revenue collection. Designed for ship owners seeking to maximize chartering returns through an alignment-of-interest model.
• Chartering Services Chartering operations delivered from offices in Singapore, Dubai, and Tokyo providing worldwide coverage for edible oils, chemicals, and CPP transportation between the Arabian Gulf and Far East Region.
• Shipping / Transportation Services Seaborne logistics solutions for chemical tankers, edible oils, and CPP (coated/coloured cracked petroleum) transportation with vessels up to 25,000 DWT operating primarily between the Arabian Gulf and Far East Region.

Quantifiable outcome

• Fleet expanded by more than two-thirds in the last three years
• +1 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Asahi TankerminorStrategic or Co-development Partner · 24 January 2025GSB Tankers and Asahi Tanker formed a joint venture for expansion in Asia announced on January 24, 2025.
• Nhat Viet TransminorChannel Partner/ Reseller/ Distributor · 20 August 2024Nhat Viet Trans joined GSB Tankers J19 Pool in August 2024, expanding the pool's vessel coverage.
• MAC ShippingminorChannel Partner/ Reseller/ Distributor · 11 December 2023MAC Shipping officially became a member of the GSB Tankers J19 Pool in December 2023.
• Lila GlobalminorChannel Partner/ Reseller/ Distributor · 9 January 2023Lila Global joined the J19 Pool of GSB Tankers in January 2023 as a pool partner.
• Aurora Tankers (IMC Industrial Group)coreStrategic or Co-development Partner · 1 July 2021GSB J19 Pool was formed as joint operations between GSB Tankers and Aurora Tankers, a subsidiary of IMC Industrial Group, to manage and operate stainless steel tankers. Both companies aim to jointly expand their operating platform through fleet growth in the stainless steel segment.
• Golden Agri-ResourcescoreStrategic or Co-development Partner · 1 January 2012Golden-Agri Stena was established in 2012 as a 50-50 joint venture between Stena Bulk and Golden Agri-Resources, Indonesia's largest palm oil producer. GAR is one of the world's largest seed-to-shelf agribusinesses. GSB Tankers has access to private cargo programs including palm oils exported by Golden-Agri ex South East Asia.
• Stena BulkcoreStrategic or Co-development PartnerGSB Tankers has access to Stena Bulk Bunker procurement team who procure bunker for Stena's 100+ operated ships, keeping costs down for pool participants. Stena Bulk is a Swedish-owned company founded in 1982, one of the world's leading tanker shipping companies.
• Bay Crest ManagementcoreStrategic or Co-development PartnerBay Crest Management is an independent commercial operator for chemical tankers offering complete and integrated solutions for Chartering and Commercial Operation needs through alignment of interest. A joint-venture was formed in January 2019 between Golden-Agri Stena and Bay Crest Management.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Aurora Tankers (IMC Industrial Group): JV partner in the J19 Pool and chemical tanker operator with similar vessel size focus. Directly comparable as a co-pool operator in the same stainless steel chemical tanker segment.
• Stena Bulk: Swedish tanker shipping major and indirect parent/partner of GSB Tankers (via Golden-Agri Stena JV). Operates 100+ tankers globally and provides bunker procurement access to GSB's pool — directly comparable in chemical and product tanker commercial management.
• Vroon: Dutch shipping group with chemical and product tanker operations. Comparable vessel type (stainless steel chemical tankers) and similar focus on Asia-Europe trade lanes, with pool-style commercial management offerings.
• Navig8 Group: Tanker pool management specialist operating multiple chemical and product tanker pools globally. Directly comparable pool-management business model targeting ship owners with pooled commercial management services.
• Odfjell: Global leader in chemical tankers and a direct peer in commercial management of stainless steel chemical tankers. Competes with GSB for similar customer base (commodity traders, petrochemical majors) and operates pool/coa arrangements at much larger scale.
• Eitzen Chemical: Specialized chemical tanker operator and pool manager with global fleet. Directly comparable to GSB's J19 Pool model — focuses on commercial management and pooling of stainless steel chemical tankers serving similar charterers.
• Bay Crest Management: Independent commercial operator for chemical tankers and one of GSB Tankers' founding JV parents. Offers integrated chartering and commercial operation solutions using an alignment-of-interest model — directly comparable service offering.
• Asahi Tanker: Japanese chemical and product tanker operator that formed a JV with GSB Tankers in January 2025. Directly comparable chemical tanker operations and the natural Japanese regional counterpart to GSB's Singapore-headquartered platform.

Broad incumbents

• Wilhelmsen Ship Management: Major ship management services provider with broad tanker management portfolio. Comparable as a third-party commercial/technical ship management operator, though much larger and more diversified than GSB's chemical-tanker niche.

Regional players

• IINO Kaiun Kaisha: Japanese tanker operator with chemical and product tanker exposure in Asia-Pacific. Comparable regional presence in Japanese and Asian chemical tanker markets, though broader in scope than GSB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Golden Stena Baycrest Tankers