Stena Bulk Reports Profit for 2006

Stena Bulk finished another successful year with a profit of almost $141m. With a deployed fleet of 60 vessels totaling more than 6 million dwt, Stena Bulk is the largest tanker shipping company in Sweden. The company has a market share of 40% in the Caribbean, 20% on the North Sea and 15% in the Baltic Sea. A total of about 2,000 persons are involved in Stena Bulk’s activities, including about 50 persons ashore at offices in Gothenburg, Houston, London, Moscow, Singapore and Beijing. Five new vessels were delivered in 2006 and a further six have been ordered for delivery up until 2010. These six units are all so-called Stena P-MAX tankers and will join the fleet of ten vessels of the same design, which Stena Bulk manages operationally and commercially on behalf of its listed sister shipping company Concordia Maritime.