Stena Bulk
Stena Bulk News
Stena Bulk Becomes Majority Shareholder in Golden Stena Baycrest
Tanker shipping company Stena Bulk announced it has acquired an additional shareholding in Golden Stena Baycrest Tankers (GSB) from Bay Crest, becoming the majority shareholder in the joint venture. Following the transaction, GSB will remain jointly owned by the same three shareholders—Stena Bulk, Golden Agri, and Bay Crest. With its increased ownership, Stena Bulk is well positioned to take a more active role in driving the strategic development of GSB…
Stena Surprise Tanker Reflagged In Sweden
Leading tanker shipping company Stena Bulk has announced that it has officially reflagged its Suezmax tanker Stena Surprise under the Swedish flag, marking a milestone for Swedish shipping. A ceremony was held on board the vessel in Nynäshamn, Sweden. Andreas Carlson, Minister for Infrastructure and Housing, attended to witness the hoisting of the Swedish flag.Built in 2012, Stena Surprise is the latest Suezmax tanker to join the Swedish Shipping Register…
Stena Bulk Appoints Seasystems as Exclusive Global Partner for Jettyless LNG Technology
Tanker shipping company Stena Bulk has signed a cooperation agreement with Seasystems AS to expand the global reach of its jettyless LNG infrastructure technologies.Under the partnership, Seasystems will exclusively market, sell, and deliver Stena Bulk’s proprietary Extended FSU/FSRU Mooring (EFM) system and Jettyless Floating Terminal (JFT) technology. Stena Bulk retains full ownership of the patented technologies…
Stena Bulk Takes Next Step to Reflag First Suezmax Tanker Under Swedish Flag
Shipping company Stena Bulk confirmed that it is in the final stage of executing its plan to reflag five of its Suezmax tankers under the Swedish flag. The first vessel—Stena Sunrise—is now fully prepared for reflagging, which is scheduled to take place in Singapore at the end of July 2025.This milestone follows the company’s original ambition to complete all preparatory steps by 30 June, a goal that has now been fulfilled.
Stena Bulk to Register Up to Five Suezmax Vessels Under Swedish Flag
Stena Bulk has confirmed its intention to register up to five of its Suezmax vessels under the Swedish flag. A Suezmax tanker is one of the largest types of tankers and is approximately 275 meters long with a gross tonnage of 81,000 tonnes. Up to five of these vessels will be the largest ships under the Swedish flag.In recent years, Sweden has made progress to improve its competitiveness as a shipping nation.
Salvage Efforts for Stena Immaculate Tanker Continue in North Sea
Stena Bulk, the owner of the Stena Immaculate oil tanker, said it is working closely with the manager of the vessel Crowley and U.K. agencies following the last week’s allision with incident the container ship Solong.Salvage experts from SMIT Salvage are continuing with their detailed onboard assessments of Stena Immaculate.As of March 16, the third-party salvage team has confirmed that damage resulting…
NNPC, Stena Bulk and Caverton Launch new Shipping Venture
Nigeria's state oil firm NNPC announced a joint venture with Swedish tanker giant Stena Bulk and Nigerian offshore logistics leader Caverton Marine to overhaul maritime transportation in West Africa.The newly formed company will streamline crude oil, refined products and LNG shipping across West Africa and cater to other oil producers and traders in the region with modern vessels.The companies did not share financial details of the deal, which was signed last week."By combining our expertise wit
Case Study: Onboard CCS Would Result in 10% Fuel Penalty
A project assessing the technical feasibility of onboard carbon capture and storage (CCS) has concluded that the technology has the potential to reduce a tanker’s CO2 emissions by as much as 20% per year, with a fuel consumption penalty of just under 10%.The project, Realising Maritime Carbon Capture to Demonstrate the Ability to Lower Emissions (REMARCCABLE), was carried out by the Oil and Gas Climate Initiative (OGCI)…
Methanol-Fueled Stena Prosperous Christened in Singapore
Proman Stena Bulk, the joint venture between Stena Bulk and Proman, christened Stena Prosperous today during a ceremony at the Marina Bay Cruise Center in Singapore. After the ceremony, the 49,900 DWT IMOIIMeMAX vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on Very Low Sulphur Fuel Oil (VLSFO), while making additional particulate matter (PM), sulphur oxides (SOx), and nitrogen oxides (NOx) savings.
Stena Bulk Sells LNG Carrier Stena Blue Sky
Tanker shipping company Stena Bulk on Thursday announced the sale of the liquefied natural gas (LNG) carrier vessel Stena Blue Sky to an undisclosed Asian buyer.The sale of Stena Blue Sky follows the recent announcement that Stena Bulk had sold two LNG carriers to BW LNG.The successful transfer of Stena Blue Sky has already taken place. The vessel was delivered on April 18 in Singapore.Originally built in 2006 by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea…
Stena Bulk Completes Sale of LNG Tankers
Stena Bulk completed the sale of two of its LNG carriers – Stena Crystal Sky and Stena Clear Sky – to BW LNG.As part of the sale, BW LNG will assume the existing charters for both vessels.Both vessels were originally delivered in 2011 from Daewoo Shipbuilding & Marine Engineering in South Korea. Stena Crystal Sky and Stena Clear Sky each have an LNG carrying capacity of 174,000 cbm.“As part of our strategy to continuously look for new opportunities…
Stena Bulk Inks Deal for Four Additional Newbuild Tankers
Swedish shipping company Stena Bulk has expanded its fleet with new long-term charter agreements for four newbuild eco Medium Range (MR) tankers.Two of the vessels, Stena Continent and Stena Conquest, will be delivered from Hyundai Mipo by the end of 2025.Two further eco MR tankers, Stena Contender and Stena Concept, will follow in 2026. All vessels are set to use the South Korean yard’s latest 8th generation MR tanker design…
Bahri Charters Methanol-fueled Tanker Pair
Bahri business unit Bahri Chemicals will charter two newbuild methanol-powered tankers under a five-year agreement with methanol producer Proman. The vessels, which were officially named during a ceremony hosted at Guangzhou Shipyard International (GSI) in China in November 2023 where both ships were built, will be deployed to transport various products globally.The vessels are the final two of an…
Sustainable Fund Launched for Methanol Fleet
ProMarine AG has launched an industry-first sustainable shipping fund with an initial portfolio of four methanol-fuelled MR tankers led by Proman and Stena Bulk.Low Emission Methanol Shipping Company S.C.A. SICAV–RAIF (LEMSCO) is the result of a collaboration between Proman and Stena Bulk. The fund is backed by equity investors and benefits from a green loan from ABN AMRO. LEMSCO's seed assets consist of four methanol fuelled vessels acquired from Proman and Stena Bulk: Stena Pro Patria…
MARAD Announces First Ships Enrolled in the Tanker Security Program
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced on Tuesday that nine ships have been enrolled in the Tanker Security Program (TSP), a newly created public-private partnership program that makes U.S.-flag commercial product tankers available to support U.S. armed forces and national economic security.“Today we are announcing the first ships to join the Tanker Security Program…
US Gulf Coast’s First Barge-to-ship Methanol Bunkering Completed
Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, announced the successful completion of the first ever barge-to-ship methanol bunkering on the U.S. Gulf Coast.The JV tankers Stena Pro Marine and Stena Prosperous were refueled with methanol via barge while discharging clean petroleum products at a terminal in the Port of Houston in the first week of April.Stena Pro Marine was bunkered with 1…
Shipbuilding: Methanol-powered Bulk Carrier for Proman Stena Bulk
Proman Stena Bulk, a joint venture (JV) between methanol producer Proman and Stena Bulk, confirmed that the first methanol-powered newbuild vessel under its partnership has been delivered and is preparing for commercial operation.Stena Pro Patria is named in honor of Dennis Patrick, an integral member of the Proman family and the former CEO of Proman’s subsidiary Methanol Holdings (Trinidad) Limited (MHTL)…
Cost a Major Hurdle for Onboard Carbon Capture
Cost hurdles likely to slow the deployment of stationary carbon capture and storage (CCS) technologies on board ships in the near and medium term could be diminished as technology advances, clearing CCS could be a persuasive option for the industry’s decarbonization trajectory, a recent study found.Tanker shipping company Stena Bulk announced the results of its partnership with the Oil and Gas Climate…
First Methanol Dual-fuel Tanker Launched for Proman Stena Bulk
The first in a series of three new 49,900 dwt methanol dual-fuel MR tankers has been launched for a joint venture between Proman and Stena Bulk.Stena Pro Patria’s launching took place at Guangzhou Shipyard International (GSI), which is the first Chinese shipyard to build a Methanol Dual-Fuel vessel.Construction will now continue on the water, ahead of sea trials and final delivery in the first quarter of 2022.Over the next two years…
Stena Bulk CEO Erik Hånell Discusses Path, Cost Toward Decarbonization
Stena Bulk invests in the future, a future defined by decarbonization in the shipping sector. Erik Hånell, President & CEO, Stena Bulk discusses the plan, the path and the costs.While the majority of shipowners still struggle to pick the technological path toward meeting emission reduction targets in the coming 30 years, one company, Stena Bulk which today has about 110 tankers (30% owned, 70% managed) generating about $1.4B in revenue annually…
