The European Commission granted P&O and Stena Line a six-year exemption from competition rules to operate a cross-Channel ferry service for passengers and freight. "The Commission's recent investigation has not revealed any valid market changes which could justify forcing P&0 of Britain and Stena Line, a subsidiary of Sweden's Stena Line AB, to undo their alliance," it said. The new exemption period, which expires on March 7, 2007, will permit P&0 Stena Line to continue competing with Eurotunnel, Sea France, Hoverspeed and NorfolkLine, the Commission said. The new exemption replaces a three-year exemption that expired March 10. The old exemption, while granted in 1999, had been retroactive to 1998. - (Reuters)
Stena Line selects Bekaert to help conserve energy among its fleet of ships. With the installation of Bekaert advanced solar control window film, industry leader Stena Line minimizes fuel consumption, improves comfort for passengers and employees and significantly lowers air conditioning use. The savings based on the cost of air conditioning has been calculated to be approximately 247,000 kWh/year, which could equal fuel savings of 58 cubic meters/15,321 U.S. gallons for one ship.
Stena Line has ordered two new RoPax vessels from Samsung Heavy Industries in South Korea. The vessels will be put into service in 2011 and are planned to operate the route Rotterdam-Harwich. The two new RoPax vessels will be built in South Korea by Samsung Heavy Industries. The shipyard has previously built a number of shuttle tankers and ice-class tankers for Stena Bulk. The two new RoPax vessels are sister ships to the Stena Trader and the Stena Traveller
P&O welcomes the announcement by the European Commission that it has cleared the Group's proposed purchase of Stena Line's 40 percent shareholding in P&O Stena Line. The transaction is expected to complete during the next week. P&O Chairman Lord Sterling said: "We are delighted to have received clearance from the EC. We can now proceed on schedule with the planned consolidation of our ferry businesses. By managing the businesses together we will be able to maximise synergies and growth
Northrop Grumman Corporation (NYSE: NOC) has been selected to supply integrated bridge systems (IBS) for two new vehicle-passenger (RoPax) ferries being built for Stena Line at Wadan Yards in Wismar, Germany. The IBSs for the two ships will be based on Northrop Grumman Sperry Marine’s advanced VisionMaster FT navigation technology with TotalWatch multi-function workstations. The scope of supply will include radars, electronic chart display and information systems, digital gyrocompasses
On 1 October, Ola Helgesson will take up the position of CFO at Concordia Maritime AB after having held the position of CFO at Stena Line group. Ola Helgesson has long experience as CFO at listed companies and solid knowledge of shipping. He also has a broad CFO profile with expertise in consolidated financial accounting, financing and investor relations. “Ola has many years of solid and differentiated background as CFO in several different industries
GE Marine Engines announced that 36 GE LM aeroderivative gas turbines have accumulated more than 600,000 hours operating aboard 16 fast ferries. "Fast ferry operators have selected our gas turbines for a variety of propulsion system configurations. This milestone further demonstrates the outstanding reliability and availability of the LM gas turbines for fast ferry applications," said Karl Matson, general manager of GE Marine Engines
GE Marine Engines announced that 36 GE LM aeroderivative gas turbines have accumulated more than 600,000 hours operating aboard 16 fast ferries. Fast ferry operators have selected our gas turbines for a variety of propulsion system configurations. This milestone further demonstrates the outstanding reliability and availability of the LM gas turbines for fast ferry applications,” said Karl Matson, general manager of GE Marine Engines.
Maurice Storey, the former Chief Executive of the U.K. Maritime & Coastguard Agency (MCA), is to become Chairman of Evergreen Group’s U.K. affiliate Hatsu Marine Ltd., effective December 1, 2003, while Jason Lin continues as president of Hatsu Marine Ltd. Established in January 2002, Hatsu has its headquarters in London and currently owns a fleet of seven new U.K.-flag container vessels including five 6,332-teu ships currently operating in the transpacific trades
Port handles more than six million tons for the first time. Kiel, January 17 2012: The Port of Kiel turned round more than six million tons of cargo last year for the first time ever. It posted a turnover figure of 6,293.374 tons exactly at the turn of the year - an increase of 8.5 % over the previous year. The Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co. KG) Dr Dirk Claus said “thanks to the shipping companies and the port working hand in hand
Concordia Maritime signed time-charter contract for two P-MAX tankers and launched a pool with four vessels. The time-charter contracts are with Stena Bulk and cover the wholly owned Concordia Maritime tankers Stena Perros and Stena President, for one year each
Stena donates tanker model to the Musée National de la Marine in Paris, highlighting safe maritime practices and clean oceans. A ceremony was held Friday evening at the prestigious national maritime museum, Musée National de la Marine in Paris
Concordia Maritime takes a position in the Stena Bulk’s Suezmax fleet corresponding to a 50 percent charter of one tanker. The transaction was done by Stena Bulk and the vessel will operate during one year on the open spot market in the successful Stena Sonangol Suezmax pool
Three further K Line vessels to install ClassNK-NAPA GREEN eco-efficiency software after reporting fuel savings during trials on an 8,600 TEU container vessel NAPA and ClassNK announced a deal with Kawasaki Kisen Kaisha Ltd. (K Line) to install an eco-efficiency and operational
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
Engineering firm IPS Marine Fabrications said it has completed major upgrade work for ferry operator Stena Europe. The company, which is headquartered in Birkenhead, has repaired and maintained fabricated air handling units throughout the Stena Europe vessel.
Concordia Maritime and Finnish Neste Oil have reached an agreement on the sale of the two jointly owned Ice Class 1A panamax tankers, Stena Poseidon and Palva. The buyer is Transport Maritime St-Laurent Inc. and the tankers are expected to be delivered in April/May 2014.
Birkenhead based engineering firm IPS Marine Fabrications has completed a series of contracts for three ship operators. IPS director Paul Smith said the contracts with Whitaker Tankers, and ferry operators Seatruck and Stena showcased the broad range of fabrication and insulation skills
Practical results from the SUPPORT (Security UPgrade for PORTS) project, coordinated by BMT Group Ltd. and part-funded by the European Commission’s FP7 Security Research Program will be demonstrated to key stakeholders at Stena Line’s ferry terminals starting at Masthuggskajen in the
The conference organizers inform that In a further response to the sinking of the South Korean ferry 'Sewol' in April, safety issues will be centre stage at Interferrys 39th annual conference, which takes place in Vancouver from October 4-8, 2014.
The Centro De Formação Maritima De Angola (CFMA) was officially launched on August 27 by top management from Sonangol, the Angolan public sector energy company and the Stena Group of Sweden. The CFMA is a world class maritime training facility
The new sulphur directive for shipping traffic within the North European SECA area, which comes into force on January 1, 2015, is good for the environment but has a significant economic impact on Stena Line's business. The whole of the change program that begun in 2013
Expanded terminal capacities created at Berth 1 This year’s cruise shipping season in Kiel closes on the evening of October 18 when the AIDAcara sets sail for the Canary Islands. Dr. Dirk Claus, the Managing Director of the Port of Kiel (SEEHAFEN KIEL GmbH & Co KG), said
Norway's Statoil has halted its exploration campaign in Angola after several disappointing wells and canceled a rig contract with Stena Drilling, the firm said on Friday. "The costs of terminating the operations and associated services including the Stena Carron rig contract will be