Stena Bulk Strikes Deal with Neste Oil

Tuesday, October 03, 2006
Stena Bulk has sold 50 percent of the tanker Stena Arctica to the Finnish oil company Neste Oil, which will also operate the vessel on a 10-year charter from 1 January, 2007 – mainly to transport oil from Primorsk to the Finnish port Porvoo in the Baltic. The 117,100 DWT Stena Arctica was delivered at the end of 2005 from the shipyard Hyundai Heavy Industries in South Korea and is the world’s largest tanker with the highest ice class (1A Super) currently in service. The Stena Arctica was named in January, this year, in the Port of Gothenburg and has since been deployed on the spot market transporting oil from Primorsk to Europe. Originally, the Stena Arctica had been booked for a long-term charter to a Russian company, but has now been replaced by her sisters Stena Antarctica and Stena Atlantica. Stena Bulk’s sister company Concordia Maritime, which is listed on the Nordic Exchange (former Stockholm Stock Exchange), and Neste Oil each own 50 per cent of the Stena Poseidon and the Neste Polaris, currently under construction in Croatia. These vessels will have a deadweight of 75,000 tons and are being built to ice class 1A specifications. The Stena Poseidon will be delivered at the end of 2006 and the Neste Polaris at the beginning of 2007. Both tankers have been contracted on long-term charters by Neste Oil. In 2008, Stena Bulk, together with Concordia Maritime, will operate a fleet of 12 large, ice-strengthened tankers.
Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Petrobras Downgrade Shakes Market

Moody's shocked bond investors this week with a surprise two-notch downgrade that put Brazilian oil company Petrobras in junk territory. The move was seen by some investors as overly assertive,

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Davie Building LNG-powered Ferries

Canadian shipbuilder Davie held a keel laying ceremony for MV Armand-Imbeau II, marking the beginning of the hull assembly for this first of two sisterships under

Coast Guard

Coast Guard Foundation Announces 2015 Scholarships

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced yesterday that

Crowley Crew Aids Ill-fated Catamaran

The crew of the Crowley-managed, 393-foot, heavy lift vessel Ocean Crescent recently provided assistance to five people aboard the damaged and drifting catamaran

USCG Makes Change in Fort Pierce Inlet Safety Zone

The Coast Guard has made a change in the Fort Pierce Inlet safety zone Thursday afternoon. Recreational vessels with less than six-foot draft are now allowed

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2114 sec (5 req/sec)