Stena Bulk announced the appointment of Arthur L. Regan to the position of Director, Strategic Planning and Tanker Projects for Stena Bulk worldwide
. In his position, Regan will focus on expanding the scope and profitability of Stenaâ€™s global tanker investments. Regan will take up his new role from offices in Westport, Connecticut, USA.
Regan has been the President and Co-Chief Executive Officer of Arlington Tankers Ltd., the position he has held since the companyâ€™s inception and successful listing on the New York Stock Exchange through its 2004 initial public offering. Stena was the founder of Arlington Tankers Ltd and remains a shareholder in the company. Under Mr. Reganâ€™s guidance at Arlington, the company grew its market capitalization to over $400m and a fleet of eight modern tanker vessels. As one of the first public shipping companies created with a strategy oriented for income investors, Arlington has distributed some $93m in dividends to shareholders since 2004.