Sonangol, Stena Bulk start Panamax Pool

Friday, February 15, 2008
Stena Bulk and Sonangol expanded their shipping collaboration and are now also operating a pool with Panamax tankers. These vessels transport crude oil and petroleum products in Atlantic trade as well as sailing in a round-the-world service. Initially, the pool consists of five Panamax tankers but the aim is to expand it over the next few years to ten vessels by means of purchases or charters.

“This new venture is a direct spinoff from the successful collaboration involving a Suezmax pool, which Stena Bulk and Sonangol have been operating for some years. The aim is the same – to enhance efficiency and thus increase revenue”, says Ulf G. Ryder, President and CEO of Stena Bulk. “In addition, we will also continue to offer training and education for both Stena and Sonangol seagoing and shore-based personnel”, continues Ulf G. Ryder.

The Suzmax pool, which was started up in 2005, currently consists of 13 vessels, both owned and chartered. The new Panamax pool is a further development of the same concept but in another market segment.

The head office for the pool is located in Stena Bulk’s Houston, Texas, headquarters although the group’s other offices all over the world are also involved.

“The newly started Panamax pool effectively raises the service level for our customers including our refinery in Luanda, Angola”, says Mr Baptista Sumbe, Executive Chairman of Sonangol, USA.

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

DNV GL Approvals for SAACKE Scrubbers

Classification increases planning certainty for exhaust gas scrubber operators.   The classification society DNV GL has certified the SAACKE exhaust gas scrubber

China to Import 335 MT of Naphtha, Wants More

China is set to import more than 335,000 tonnes of naphtha and diesel, rare moves for the world's no. 2 oil consumer given it has been self-sufficient at meeting domestic oil product demand,

Total CEO: EU Must Fight US Crude Export Law

First major public appearance of new Total head; he challenges European politicians to fight US ban. The new head of French energy major Total challenged Europe to fight Washington over the U.

Education/Training

MARAD Tests Alternative Power for Ships

The Maritime Administration (MARAD) is testing state-of-the-art, environmentally efficient technology onboard the Training Ship (TS) Kennedy.   The National Defense

Schottel Optimizes Training With Simulator

Since autumn 2014 customers can exercise their handling and knowledge of SCHOTTEL propulsion systems in the SCHOTTEL Academy by using a training simulator.   Academy

Class NK Eyes Singapore Renewable Energy Facility

ClassNK has launched a feasibility study for a new marine renewable energy testing facility to be built in Singapore.   The announcement was made at the 2014

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Winch
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: 0.3702 sec (3 req/sec)