Stena Bulk

Stena Bulk, Sonangol Suezmax Pool Reinforced

Stena Bulk and the Angolan oil company Sonangol strengthen the Stena Sonangol Suezmax Pool with the addition of a further two ultramodern tankers. “These tankers will be added to the pool, which is fully controlled by Stena Bulk and Sonangol. The pool now has a total of 18 tankers and there will be 30 tankers at mid 2012 as our ultramodern newbuildings continue to be delivered,” said Ulf G. Ryder, CEO and President of Stena Bulk. The M/T Mare Doricum was added to the pool in January 2011, followed by M/T Mare Picenum in February. Both these 158,000 dwt Suezmax tankers were built at Samsung Shipyard in South Korea in 2009. Their owner is the well-reputed Italian shipping company Fratelli d’Amico Amatori, which owns and operates a fleet of 11 crude oil tankers. Stena Bulk already has chartered in three Aframax tankers (110,000 dwt) from Fratelli d’Amico Armatori. Stena’s close collaboration with the state-owned Angolan oil company Sonangol began in 2005 and is now in its seventh successful year. The average age of the vessels in the pool is only 3.5 years. “The pool has long been one of the foremost when it comes to earnings, compared with both the index and competing pools. We are now consolidating our lead still further by adding several new and environmentally friendly tankers,” said Ulf Ryder.

Stena Bulk Buys into Paradise Tankers

The tankers, which will be renamed Stena Callas, Stena Chronos and Stena Chiron, are modern epoxy-coated Panamax tankers of 73,500 tons deadweight, all of which will be withdrawn from the Star Tankers Pool and immediately enter the Stena Sonangol Panamax Pool. The Panamax pool is a direct spinoff from the successful collaboration with ’s national oil company Sonangol, involving a 15-tanker strong Suezmax pool, which Stena Bulk and Sonangol have successfully been operating for five years

Arlington Tankers to Acquire Product Tankers

Arlington Tankers announced that the Company has entered into an agreement to acquire two modern 47,000 deadweight ton double-hulled product tankers from the Stena Group for an aggregate purchase price of $92 million in cash. The new vessels, Stena Contest and Stena Concept, were built in 2005. Arlington expects to take delivery of the vessels in January 2006. In conjunction with the purchase, Arlington will enter into fixed rate

Golden Stena Weco Invests in New Tanker

The shipping and chartering company Golden Stena Weco has invested in an additional product tanker. The 9,000 dwt vessel, the Golden Avenue, will transport palm oil mainly in Southeast Asia and will sail primarily from Indonesia and Malaysia to India and China. “The Golden Avenue, like her sister the Golden Adventure, is part of our jointly owned fleet and will be employed in transporting Golden Agri’s palm oil cargoes, mainly in Asia

Stena Atlantica to be Named in Dubai

The ice-classed oil tanker, Stena Atlantica, will be named in Dubai. The vessel has been built in compliance with Swedish/Finnish Ice Class notation 1 A, meaning that it can be safely maneuvered in difficult ice conditions. The naming ceremony will take place at the Dubai Dry Docks in the presence of a large number of guests from all over the world. The vessel’s Godmother will be Outi Löw, the wife of Michael G:son Löw, President and CEO of Sweden’s largest oil company, Preem Petroleum

Stena President Named

Concordia Maritime's product tanker Stena President - the fifth of ten tankers in the P-MAX series – was named today. The naming ceremony will be held at Brodosplit Shipyard out-side Split. After her delivery, the tanker will enter a 10-year charter with Argo Shipping and transport oil from e.g. ports in the Baltic Sea and around the White Sea to Europe and the US. The tanker's godmother will be Nataliya Popravko, wife of Sergey Popravko,

Concordia Maritime Orders Tankers

Concordia Maritime signed a contract with Guangzhou Shipbuilding International (GSI), China for the delivery of two chemical parcel tankers of approx. 50,000 dwt at the end of 2014/beginning of 2015. The investment amounts to around $78.6m and the intention is to employ the vessels in the open market via its partner Stena Weco. The vessels are part of a series of six tankers designed by Stena Weco and Stena Bulk and developed by Stena Teknik together with GSI

Delivery of P-Max Stena Progress from Brodosplit

On Sept. 23 Concordia Maritime took delivery of the product tanker Stena Progress from Brodosplit Shipyard, Croatia. The vessel has been signed to a five-year time charter with the French oil and energy company Total to transport refined products. The Stena Progress, a so-called P-Max tanker, is the seventh in a series of ten units ordered. She was named on Sept. 3 at Brodosplit. The sister vessels Stena Paris, Stena Provence and Stena Perros are all on long time charters to Total

Aries Maritime Takes Delivery of Tanker

Aries Maritime Transport Limited announced it has taken delivery of the second of two new products tankers it acquired from the Stena Group. Upon delivery, the 72,750 dwt 2006-built double-hulled Panamax products tanker entered into a 2.5 year bareboat charter agreement with the Stena Group at a rate of $18,700 per day, which is equivalent to a time charter rate of approximately $24,500 per day. In addition, the bareboat charter with the Stena Group has a profit sharing component with a 30

Hudson River Damaged Tankship Anchored Safely

The Coast Guard continues to oversee the response to damaged motor tanker 'Stena Primorsk' on the Hudson River near Stuyvesant, N.Y. Coast Guard Sector New York was notified Thursday that the 600-foot motor tanker, Stena Primorsk, began listing after suffering a hull breach while transiting from Albany, N.Y. via the Hudson River, carrying light crude oil. The tanker is currently at anchor nearby in Stuyvesant Anchorage.