Industry News

Advanced Polymer Coatings Clinches New Vessels Contract

Advanced Polymer Coatings (APC) (Avon, Ohio, USA) announced that it is ramping up its manufacturing operation after signing a major new contract with Singapore-based Hafnia, the world’s largest operator of product and chemical tankers.

The deal will see APC’s high-performance MarineLINE coating system applied to 10 chemical tankers in the company’s fleet.

MarineLINE’s superior chemical resistance properties, ease and speed of cleaning, and the reduced risk of contamination from previous cargoes were all considerations in Hafnia’s decision, according to APC’s announcement.

APC says its strong commitment to customer care was another big factor in clinching the work. A two-year program of tank recoating is now set to get underway, with work on more vessels in the pipeline as the program progresses.

The tankers that will undertake the recoating process were brought into Hafnia’s fleet through acquisitions it made in January 2022. Several are already coated with MarineLINE, while others will have current epoxy coatings replaced.

“We are absolutely delighted to have been chosen by Hafnia for this large-scale program of recoating after two years of detailed discussions,” says Onur Yildirim, global marine manager. “It is a great start to 2025 for the business, and we look forward to developing a strong working partnership with the world’s largest chemical and product tankers operator.”

“MarineLINE protects cargo tanks from more IMO-approved chemicals than any other coating,” he continues. “Due to its high resistance, high gloss finish, and low absorption, it is much faster to clean, meaning it outperforms stainless steel and epoxy coatings. Those faster cleaning times enable quicker ship turnaround, which in turn can free up additional sailing days, all improving the performance, earning ability, and profitability of the vessel.”

Mikkel Boesen, vice president of Hafnia’s TECOS fleet, says the company is committed to operating a fleet that upholds high standards of efficiency and performance. 

“Working with MarineLINE aligns perfectly with this vision for our chemical fleet,” Boesen says. “MarineLINE’s superior resistance, ease of cleaning, and ability to switch seamlessly between chemical cargoes were key factors in our decision. We look forward to seeing the results of this collaboration set to improve operational flexibility and profitability of our vessels as we work together to deliver value to our stakeholders.”

The Hafnia deal is the latest in a series of recent contract wins with major fleet operators, which saw sales of APC’s MarineLINE coating system rise by 42% in 2023, according to the company.

APC estimates that it currently has around 12% of the global chemical tanker coating market, with some 700 ships worldwide coated with MarineLINE.

Source: APC, www.adv-polymer.com.