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.
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Stena Chronos and Stena Chiron, are modern epoxy-coated Panamax tankers of 73,500 tons deadweight, all of which will be withdrawn from the Star Tankers Pool and immediately enter the Stena Sonangol Panamax Pool.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
Concordia Maritime signed time-charter contract for two P-MAX tankers and launched a pool with four vessels. The time-charter contracts are with Stena Bulk and cover the wholly owned Concordia Maritime tankers Stena Perros and Stena President, for one year each. The pool to be started up by Concordia Maritime and Stena Bulk will also include the P-MAX vessels Stena Penguin and Stena Primorsk for the same period of time
The first of Stena Bulk's $400M, ten-vessel order was named in Singapore yesterday. The Stena Impression is a IMOIIMAX 50,000 DWT MR chemical tanker owned by Stena Bulk and Indonesian's Golden Agri Resources (GAR). The ten ordered vessels will be operated by Stena Weco and will trade within the company’s logistical systems, which will include a fleet of more than 60 tankers. The IMOIIMAX tankers have been designed to transport both vegetable oils and chemicals
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
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
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
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
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,
CR Ocean Engineering, L.L.C. (CROE) has recently been awarded the design and supply of two Open Loop exhaust gas cleaning systems (scrubbing systems) from STENA RoRo AB. The two systems will be installed to reduce SO2 from two main engines aboard the STENA Forefunner. The Stena Forerunner operates primarily in the European ECA where new low sulphur fuel regulations went into effect on January 1, 2015. The CROE scrubbing systems aboard the Forerunner are scheduled to be on line in
The chemical and product tanker Stena Weco Impulse, jointly owned on a 50-50 basis by Stena Bulk and the Danish Weco Group, has been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME) in Guangzhou.
The chemical and product tanker Stena Imperative was yesterday named at China Merchants Wharf in Hong Kong. The vessel, an IMOIIMAX MR tanker, is wholly owned by Stena Bulk and was delivered a few days ago from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME*) in
The chemical and product tanker Stena Imperative has been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou. The naming ceremony will be held in Hong Kong on January 26, 2016.
Capital Product Partners L.P. a Marshall Islands master limited partnership and an international owner of modern tanker, container and drybulk vessels today announced that its board of directors has declared a cash distribution of $0.2385 per common unit for the fourth quarter of 2015 ended
Simon Barham has been appointed as the first U.K. Ship Register Director at the Maritime and Coastguard Agency, scheduled to start his role in February 2016. Barham brings to the position both commercial and technical experience from his 40 year career in the industry
Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME), formerly Guangzhou Shipyard International (GSI), in Guangzhou. It has also taken out an option on a further two vessels
A new 50,000 DWT MR chemical and product tanker based on the IMOIIMAX concept, Stena Imperial, was named yesterday in Savannah, Ga. Built by Chinese shipyard Guangzhou Shipbuilding International (GSI) and delivered on July 1, Stena Imperial recently arrived in Savannah on the U.S
Stena Sonangol Suezmax Pool celebrates 10 years of collaboration and trading. The 10th anniversary celebrations took place in London on May 20. Today on May 26 it is Houston’s turn and, finally, on June 3, it will be Singapore’s turn.
Stena Bulk has signed an agreement covering the charter of the LNG carrier Stena Blue Sky for the North West Shelf Project in Australia. The duration of the charter is up to three years with a possible further extension as a goal. The contract was signed at current market freight rates
Concordia Maritime takes delivery of the next generation of chemical and product tankers Concordia Maritime’s first chemical and product tanker based on the IMOIIMAX concept, the Stena Image, was delivered from the Chinese shipyard GSI (Guangzhou Shipbuilding International) in
Concordia Maritime takes a position in the Stena Bulk’s Suezmax fleet corresponding to a 50 percent charter of one tanker. The transaction was done by Stena Bulk and the vessel will operate during one year on the open spot market in the successful Stena Sonangol Suezmax pool
Stena Bulk reports it is the first Swedish shipping company to join the World Ocean Council (WOC), a global organization that converges a diverse range of maritime operations to promote the sustainable use of the world’s oceans.
The Centro De Formação Maritima De Angola (CFMA) was officially launched on August 27 by top management from Sonangol, the Angolan public sector energy company and the Stena Group of Sweden. The CFMA is a world class maritime training facility
Stena Bulk/Stena Weco and Golden Agri (GAR) have invested in a further six chemical tankers. Golden Stena Weco, which is a joint venture between Stena Weco and Golden Agri-Resources (GAR), will be responsible for the commercial management. The main aim of the investment is to ensure that Golden
After 35 days at sea, the Stena Polaris has arrived at the port of Yousu in South Korea. She has sailed via the icy and harsh Northeast Passage along Russia’s northern coast. After arriving at her final destination, the ship was celebrated with representatives of the South Korean government