Tanker shipping company Stena Bulk has announced a major investment in scrubber systems to be installed on sixteen of its vessels before the IMO's new sulphur emissions cap deadline. The company says the sixteen exhaust gas cleaning units will be installed on board 10 IMOIIMAXes, 5 Suezmaxes, and one of its standard MR vessels. The systems represent a total investment of … [Read more...]
Stena Bulk Opts for Scrubbers on 15 Vessels
Stena Bulk announced it has a turnkey agreement with Shanghai-based Bluesoul to equip its Suezmax and IMOIIMAX ships with exhaust gas scrubbers. In total, Stena Bulk will equip 15 vessels with the scrubbers with options for six additional vessels all for installation prior to 2020. Bluesoul is the first Chinese enterprise to be awarded Lloyd's Register Exhaust Gas … [Read more...]
Stena Bulk Undergoes Major Business Reorganization
Tanker company Stena Bulk on Tuesday announced a major reorganization that will see the company split into three business areas focussing on crude and fuel, products and chemicals, and LNG. At the same time, its business activities previously conducted under the name of Stena Weco are being coordinated and incorporated into Stena Bulk. The company has also appointed two … [Read more...]
Slow Steaming Optimization Helps Stena Bulk Save
Given today's current and forecasted freight markets and fuel prices, Stena Bulk, one of the world's leading tanker shipping companies, is pushing now more than ever to maximize the relationship between freight and bunker fuel. To do this, the company is in the midst of an energy management project combining the operation of its vessels at lower, more efficient speeds and … [Read more...]
Stena and Golden Agri JV Acquire Half Dozen Chemical Tankers
Erik Hånell, President and CEO of Stena Bulk notes in a phone call today that his company, along with Golden Agri (GAR), have bought six Samho-built chemical tankers from Greek shipping firm, Empire Chemical. The total investment is in the region of USD $100 million according to an emailed statement. Golden Stena Weco, which is a joint venture between Stena Weco and Golden … [Read more...]