Stena Bulk and the Angolan oil company Sonangol strengthen the Stena Sonangol Suezmax Pool with the addition of a further two ultramodern tankers. “These tankers will be added to the pool, which is fully controlled by Stena Bulk and Sonangol. The pool now has a total of 18 tankers and there will be 30 tankers at mid 2012 as our ultramodern newbuildings continue to be delivered,” said Ulf G. Ryder, CEO and President of Stena Bulk. The M/T Mare Doricum was added to the pool in January 2011, followed by M/T Mare Picenum in February. Both these 158,000 dwt Suezmax tankers were built at Samsung Shipyard in South Korea in 2009. Their owner is the well-reputed Italian shipping company Fratelli d’Amico Amatori, which owns and operates a fleet of 11 crude oil tankers. Stena Bulk already has chartered in three Aframax tankers (110,000 dwt) from Fratelli d’Amico Armatori. Stena’s close collaboration with the state-owned Angolan oil company Sonangol began in 2005 and is now in its seventh successful year. The average age of the vessels in the pool is only 3.5 years. “The pool has long been one of the foremost when it comes to earnings, compared with both the index and competing pools. We are now consolidating our lead still further by adding several new and environmentally friendly tankers,” said Ulf Ryder.
The tankers, which will be renamed Stena Callas, Stena Chronos and Stena Chiron, are modern epoxy-coated Panamax tankers of 73,500 tons deadweight, all of which will be withdrawn from the Star Tankers Pool and immediately enter the Stena Sonangol Panamax Pool. The Panamax pool is a direct spinoff from the successful collaboration with ’s national oil company Sonangol, involving a 15-tanker strong Suezmax pool, which Stena Bulk and Sonangol have successfully been operating for five years
Arlington Tankers announced that the Company has entered into an agreement to acquire two modern 47,000 deadweight ton double-hulled product tankers from the Stena Group for an aggregate purchase price of $92 million in cash. The new vessels, Stena Contest and Stena Concept, were built in 2005. Arlington expects to take delivery of the vessels in January 2006. In conjunction with the purchase, Arlington will enter into fixed rate
The ice-classed oil tanker, Stena Atlantica, will be named in Dubai. The vessel has been built in compliance with Swedish/Finnish Ice Class notation 1 A, meaning that it can be safely maneuvered in difficult ice conditions. The naming ceremony will take place at the Dubai Dry Docks in the presence of a large number of guests from all over the world. The vessel’s Godmother will be Outi Löw, the wife of Michael G:son Löw, President and CEO of Sweden’s largest oil company, Preem Petroleum
Concordia Maritime's product tanker Stena President - the fifth of ten tankers in the P-MAX series – was named today. The naming ceremony will be held at Brodosplit Shipyard out-side Split. After her delivery, the tanker will enter a 10-year charter with Argo Shipping and transport oil from e.g. ports in the Baltic Sea and around the White Sea to Europe and the US. The tanker's godmother will be Nataliya Popravko, wife of Sergey Popravko,
The shipping and chartering company Golden Stena Weco has invested in an additional product tanker. The 9,000 dwt vessel, the Golden Avenue, will transport palm oil mainly in Southeast Asia and will sail primarily from Indonesia and Malaysia to India and China. “The Golden Avenue, like her sister the Golden Adventure, is part of our jointly owned fleet and will be employed in transporting Golden Agri’s palm oil cargoes, mainly in Asia
Aries Maritime Transport Limited announced it has taken delivery of the second of two new products tankers it acquired from the Stena Group. Upon delivery, the 72,750 dwt 2006-built double-hulled Panamax products tanker entered into a 2.5 year bareboat charter agreement with the Stena Group at a rate of $18,700 per day, which is equivalent to a time charter rate of approximately $24,500 per day. In addition, the bareboat charter with the Stena Group has a profit sharing component with a 30
On Sept. 23 Concordia Maritime took delivery of the product tanker Stena Progress from Brodosplit Shipyard, Croatia. The vessel has been signed to a five-year time charter with the French oil and energy company Total to transport refined products. The Stena Progress, a so-called P-Max tanker, is the seventh in a series of ten units ordered. She was named on Sept. 3 at Brodosplit. The sister vessels Stena Paris, Stena Provence and Stena Perros are all on long time charters to Total
Concordia Maritime signed a contract with Guangzhou Shipbuilding International (GSI), China for the delivery of two chemical parcel tankers of approx. 50,000 dwt at the end of 2014/beginning of 2015. The investment amounts to around $78.6m and the intention is to employ the vessels in the open market via its partner Stena Weco. The vessels are part of a series of six tankers designed by Stena Weco and Stena Bulk and developed by Stena Teknik together with GSI
The Coast Guard continues to oversee the response to damaged motor tanker 'Stena Primorsk' on the Hudson River near Stuyvesant, N.Y. Coast Guard Sector New York was notified Thursday that the 600-foot motor tanker, Stena Primorsk, began listing after suffering a hull breach while transiting from Albany, N.Y. via the Hudson River, carrying light crude oil. The tanker is currently at anchor nearby in Stuyvesant Anchorage.
MPE Interiors has completed a contract for ferry operator Stena Line to deliver an extensive fit out on the Stena Adventurer vessel. MPE carried out the refurbishment works at the forward end of passenger decks seven and eight on the vessel which operates between Holyhead, on Anglesey
Concordia Maritime has inked yet another deal with Total, the French energy and oil company. The agreement covers the P-MAX Stena Paris, which will sail on one of Total’s special routes from Southeast Asia to Polynesia. The Stena Paris had previously been chartered to Total between 2005 and
Stena Bulk/Stena Weco and Golden Agri (GAR) have invested in a further six chemical tankers. Golden Stena Weco, which is a joint venture between Stena Weco and Golden Agri-Resources (GAR), will be responsible for the commercial management. The main aim of the investment is to ensure that Golden
Concordia Maritime has signed an agreement with Shell Tankers Singapore Private Ltd. covering the employment of the P-MAX tankers Stena Penguin and Stena Progress. “Generally speaking, the product tanker market is developing well and in accordance with our planned fleet disposition
The West African republic of São Tomé e Príncipe has wrongfully confiscated two ships chartered by the Swedish oil company Stena Oil, including the cargo. The captains have been sentenced to 3 years imprisonment and charged with "smuggling" in a show trial
Birkenhead-based outfitter and manufacturer MPE Interiors has completed two contacts for Stena Line to redevelop the crew and officers' mess areas on two ferries. The contracts involved replacing the mess rooms on the 980-passenger ferries the Stena Mersey and the Stena Lagan at Twelve Quays in
Northrop Grumman Corporation's Sperry Marine business unit provided a fully networked suite of scalable navigation products from the VisionMaster FT™ series, to form the core of ship's integrated bridge on several Stena Line RoPax ferries.
Northrop Grumman Corporation has completed an integrated bridge system retrofit for several RoPax ferries operated by Stena Line. Northrop Grumman's Sperry Marine business unit provided a fully networked suite of scalable navigation products from the VisionMaster FT series
Stena Bulk and South Korean Hyundai Glovis, the Hyundai group’s shipping arm, will begin collaborating with a cargo shipped via the North East Passage. The Stena Polaris, a P-MAX tanker with ice class 1A, will leave Ust Luga in the Gulf of Finland on September 15 with a cargo of 37
Stena Bulk’s tanker 'Stena Polaris', with a cargo of 44,000 tons of naphtha, is sailing from the Gulf of Finland via the North-East Passage to South Korea. The 'Stena Polaris' left Russian Ust Luga in the Gulf of Finland on 17 September 2013
The Stena Polaris is one of the tankers in Stena Bulk’s fleet with the necessary technology, equipment and crew competence for a safe voyage via the Arctic. This is the ninth time that one of Stena’s ships will have sailed through the North-East Passage since 2011
The Stena Polaris is approaching its destination – the port of Yosu in South Korea. Her voyage began on September 17 in Russian Ust Luga in the Gulf of Finland, and she is expected to arrive in Yosu in about a week. For part of the voyage of 8,400 nautical miles
According to Stena Oil, the West African republic of São Tomé e Príncipe is trying to sell cargo valued at USD 7,5 million which they wrongfully confiscated from Swedish company Stena Oil. This is the latest attempt by the government in São Tomé to profit on
After 35 days at sea, the Stena Polaris has arrived at the port of Yousu in South Korea. She has sailed via the icy and harsh Northeast Passage along Russia’s northern coast. After arriving at her final destination, the ship was celebrated with representatives of the South Korean government
Joakim (Kim) Ullman has been appointed President of Concordia Maritime AB with effect from 1 January 2014. Kim comes from Stena LNG where he has been CEO since 2012 and he will replace Hans Norén who will leave Concordia Maritime at the end of the year after ten years as president.