Stena Bulk Acquires Tankers

Stena Bulk has purchased three MR product tankers from Italian Gestioni Armatoriali Spa in Ravenna with delivery set for February, 2008. The three vessels, the Stena Conqueror, the Stena Conquest and the Stena Italica, which Stena has controlled via long-term charters ever since they were built, will continue to be operated from Stena Bulk's office in Houston. They will transport clean petroleum products for, among others, US oil companies including Chevron. The three MR vessels are modern, well-designed product tankers of 47,000 dwt built at the classic shipyard Uljanik in Croatian Pula in 2003-2004. They are earmarked for traffic in the US and the Caribbean. The class of ships goes under the name Stena S-47 and is characterized by a very shallow draft and a highly flexible cargo system. Source: News Observer