Stena Bulk
Stena Bulk News
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 HĂĄnell 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…
Stena Bulk Debuts InfinityMAX Electric Vessel Design Concept
As shipping companies face mounting societal and regulatory pressure to decarbonize, innovative alternative designs are expected to become the norm rather than the exception. Stena Bulk unveiled the InfinityMAX hybrid bulk carrier concept, intended to push the boundaries for zero carbon, multi-modal vessel design. It is electric and modular, designed to enable sustainable, zero carbon, efficient and…
Shipbuilding: Steel Cut for New Methanol-Fueled Tanker Stena Pro Patria
Proman Stena Bulk Ltd confirmed that steel cutting has commenced for its state-of-the-art IMOIIMeMAX methanol-fuelled 49,900 DWT vessel Stena Pro Patria, which is due for delivery in early 2022. Stena Pro Patria will be the first of the three methanol vessels to be built by the joint venture between Swedish Stena Bulk and the Swiss-based Proman Shipping.The steel cutting for Stena Pro Patria, which started on January 7…
Proman Stena Bulk Orders Another Methanol-powered Vessel
Proman Stena Bulk, a joint venture between Proman Shipping and Stena Bulk, has agreed to build an additional vessel, the methanol-powered Stena Prosperous.The joint venture in November 2019 signed a deal with Guangzhou Shipyard International (GSI) in China to build two IMOIIMeMAX methanol-ready 49,900 DWT vessels, with the first vessel due for delivery at the beginning of 2022. Now, the company will add another vessel, the Stena Prosperous.
Shipping Execs Call for Action to Resolve Maersk Etienne Standstill
Several shipping industry executives have voiced their support for Maersk Tankers and are demanding government action to debark nearly 30 migrants from one of its tankers stranded off Malta.Maersk Tankers said its operated tanker Maersk Etienne has been stuck at sea since August 4 when its crew rescued 27 migrants from a wooden dinghy that had been adrift for days. Maltese, Tunisian, Italian and Libyan authorities have denied entry…
Stena Bulk Offering Biofuel as an Option
Shipping company Stena Bulk said Monday it is offering low-carbon biofuel as an option for its customers following trials of the cleaner but costlier fuel on board one of its tankers in April.Customers will have options ranging from 20% to 100% biofuels based on an offsetting program where the biofuel is used within the Stena Bulk fleet, Stena Bulk said. This allows customers to make use of low-carbon…
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