Stena Bulk, Concordia Team to Order 10 Chemical Parcel Tankers

(MarineLink.com)
Wednesday, July 04, 2012

As shipyards around the world struggle for business, Stena Bulk and Concordia Maritime confirmed an order of up to 10 in-house designed chemical tankers. The ships will be built at Guangzhou Shipyard International (GSI) in China with deliveries beginning from spring 2014. When delivered, the 50,000-dwt vessels will be the most sophisticated in the Stena Bulk and Concordia Maritime fleet. The value of the order is $400 million if all ten ships are declared. The main task for the new ships is to cover the increasing demand for transportation capacity within the successful Stena Weco Pool.

“To challenge today's fierce competition within the tanker segment, we must invest in the higher end of the market. These ships will have an outstanding competitive edge both in the edible oil, chemical, and in cleantanker markets,” said Ulf Ryder, President and CEO of Stena Bulk.
”This is a logical step in the development of our business and fleet, to invest in vessels with very good fuel efficiency and with outstanding cargo flexibility. They will be operating in the segment where we have our main focus and where we believe there is a very good growth potential”, said Hans Norén, President of Concordia Maritime, who has taken two vessels now ordered. Flexibility is paramount to be competitive in the Chemical Tanker segment. Ships must be able to carry a wide range of cargoes in smaller parcels like the Liner Shipping Industry giving higher freight per ton. Also increasingly important in this kind of trade is to be able to quickly switch between various types and grades of cargoes.
“Our engineers have together with Guangzhou Shipyard succeeded in obtaining probably the most innovative Eco tankers existing with completely new hull lines, specially designed propellers, and many more topics which could mean a competitive advantage of some $3-5000,- daily when it comes to cargo flexibility and fuel economy,” Ulf Ryder said.
“It is with great pleasure we are now getting a new specially designed fleet optimized for our cargo contracts within the Stena Weco Pool” says Erik Hånell, Managing Director of Stena Weco. It is very stimulating that our owners and partners believe in what we have created so far and order these ships that will be commercially managed by Stena Weco, Erik Hånell concluded.
Totally six tankers has so far been confirmed whereof the publicly quoted Concordia Maritime has taken two ships and Stena Bulk four ships. There are further options included in the ship building contract which could be distributed to other joint partners.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Safety the Focus as Heavy Lifting Picks Up

Modern heavy lift capabilities are crucial for safe, efficient operations offshore Heavy lift operations offshore are an awe-inspiring feat, but an operation that

STEM: SeaPerch Underwater Robotic Championships

University of Southern Mississippi Site for Fourth National SeaPerch Challenge – Underwater Robotic Championships Excitement continues to build for the Fourth Annual National SeaPerch Challenge,

CNR: Innovation Maintains US Naval Advantages

An interview with Rear Adm. Matt Klunder, U.S. Navy Chief of Naval Research What are your near term, mid-term and long term science and technology (S&T) objectives?

Contracts

Navios Time Charters Two Product Tankers

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has announced  that the Nave Equinox and the Nave Pulsar have been chartered out

Azeri Shipyard, BP Sign Vessel Construction Contract

Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project,

UK Subsidises 8 Renewable Energy Contracts

The British government on Wednesday awarded investment contracts under a new subsidy regime to eight renewable energy projects, including five offshore wind farms and three biomass plants.

Shipbuilding

Azeri Shipyard, BP Sign Vessel Construction Contract

Azeri state energy company SOCAR's shipyard and British oil major BP have signed a $378 million deal to design and build a subsea construction vessel for the Shah Deniz II gas project,

Fishing Vessels Fit with Wärtsilä’s NOx Reducer

Wärtsilä said its new NOx Reducer will be fitted to two new fishing vessels under construction at the Celiktrans yard in Turkey. The ships are owned by HB Grandi,

CMM Takes Delivery of Damen PSV for Brazil

New supplier CMM Gravity to start on long-term contract with Petrobras. CMM has taken delivery of a Damen Platform Supply Vessel 3300. The 80-meter, 3,300t deadweight

Tanker Trends

Euronav Posts 62% Core Profit Increase

Belgian crude oil shipping group Euronav on Wednesday unveiled a 62 percent rise in first-quarter core profit as daily rates for its fleet rebounded from last year.

Navios Time Charters Two Product Tankers

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has announced  that the Nave Equinox and the Nave Pulsar have been chartered out

Pirates Raid Tanker off Malaysia, 3 Mariners Taken

Armed pirates raided an oil tanker off the coast of Malaysia and took three crew members with them, Malaysian maritime officials said on Wednesday, underscoring

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | 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: 0.1273 sec (8 req/sec)