Waterfront Shipping is a shipping company that operates six clean product tankers

Tanker (ship)

A tanker is a ship designed to transport liquids in bulk. Major types of tankship include the oil tanker, the chemical tanker, and the liquefied natural gas carrier.-Background:...

 each at about 84,000 deadweight tonnes

Deadweight tonnage

Deadweight tonnage is a measure of how much weight a ship is carrying or can safely carry. It is the sum of the weights of cargo, fuel, fresh water, ballast water, provisions, passengers, and crew...

. The company is based in Oslo

Oslo

Oslo is a municipality, as well as the capital and most populous city in Norway. As a municipality , it was established on 1 January 1838. Founded around 1048 by King Harald III of Norway, the city was largely destroyed by fire in 1624. The city was moved under the reign of Denmark–Norway's King...

, Norway

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 and is a subsidiary of Kistefos

Kistefos

Kistefos is a privately owned holding company that pursues investments within venture capital, private equity, offshore, shipping and other sectors. It is owned by Christen Sveaas and led by CEO Åge Korsvold....

. Commercial management is performed by Dampskibsselskabet TORM

Dampskibsselskabet TORM

A/S Dampskibsselskabet TORM or TORM , based in Copenhagen, Denmark, is a shipping company that owns and operates product tankers and bulk carriers. TORM's company's tankers carry refined oil products such as gasoline, jet fuel, naphtha and diesel oil...

 of Denmark while Tesma Denmark performs technical management

Technical management

Technical management involves the duties a shipping company must perform for the technical operation of a vessel. This involves management related to crew management with related tasks, logistics related to operations as well as operations, service and maintenance.Often technical management is...

.

History

The company was founded in 1988 as Wind Product Tankers, later changing name to Gyda Shipping and Tschudi & Eitzen Shipping until it took the present name in 1997 when it also was listed on the Oslo Stock Exchange

Oslo Stock Exchange

The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...

. In 2000 the company was delisted and converted from an ASA

Allmennaksjeselskap

Allmennaksjeselskap , or ASA, is the Norwegian term for a public limited company. "ASA" or "asa" is added to the company name of all Norwegian companies registered as Allmennaksjeselskap....

 to an AS

Aksjeselskap

Aksjeselskap is the Norwegian term for a stock-based company. It is usually abbreviated AS or A/S, especially when used in company names. An AS is always a limited company, i.e. the owners cannot be held liable for any debt beyond the stock capital...

and became a subsidiary of Kistefos.