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Sunday, January 26, 2020

Stena Bulk News

Erik Hånell. Photo: ITOPF

ITOPF Elects Erik Hånell as Chairman

Tanker owners’ group International Tanker Owners Pollution Federation (ITOPF) selected Erik Hanell President & CEO of Stena Bulk, as its new Chairman.After eight years, former Euronav chief executive Paddy Rodgers has stepped down as ITOPF chairman.Rodgers noted that he had thoroughly enjoyed his tenure on the board and had valued the opportunity to contribute to ITOPF’s strategic direction and to the work of its highly regarded international team.The board voted unanimously to appoint Erik Hånell as its new Chairman…

Photo: Stena Bulk

Proman Shipping Signs JV with Stena Bulk

Proman Shipping AG and Stena Bulk AB announced a new Joint Venture partnership for 50/50 ownership of two long term time-chartered ships, under the name ‘Proman Stena Bulk Limited’.

The seized tanker Stena Impero / image credit: MarineTraffic.com / © Irwin Willemse

Iran Releases Seven Stena Impero Mariners

Iran has released seven of the 23 crew members of the British-flagged tanker Stena Impero that was seized earlier this summer, Sweden's foreign minister said on Wednesday.The Swedish-owned Stena Impero was detained by Iran's Revolutionary Guards on July 19 in the Strait of Hormuz waterway for alleged marine violations, two weeks after Britain detained an Iranian tanker off the territory of Gibraltar. That vessel was released in August.Sweden's Foreign Minister Margot Wallstrom…

Indian prime minister Narendra Modi. Photo PIB

Stena Seeks India's Help to Release Ship

Stena Bulk  chief executive and president Erik Hanell wrote to Indian prime minister Narendra Modi to personally enter the efforts to secure the release of UK-flagged tanker ship Stena Impero and its primarily Indian crew members, who have been detained in Iran since mid-July.According to media reports, the owner of British-flagged oil tanker Stena Impero, which was seized by Iran on July 19 with 23 crew, including 18 Indians on board, has appealed to  Modi personally intervene to negotiate with Tehran.The oil tanker Stena Impero was seized by Iran while passing through the Hormuz Strait.

File Image of the seized tanker Stena Impero (CREDIT: MarineTraffic.com / © Irwin Willemse

Owner: Detention of UK-flag Tanker Unacceptable

The continued detention of British-flagged tanker Stena Impero is "unacceptable and unjustifiable" and there are concerns for the welfare of the crew after 19 days in confinement, the vessel's owner said on Tuesday.Iran's Revolutionary Guards on July 19 seized the Stena Impero in the Strait of Hormuz waterway for alleged marine violations. That came two weeks after Britain seized an Iranian oil tanker near Gibraltar, accusing it of violating sanctions on Syria.Britain has repeatedly…

Photo:Stena Bulk

Stena Bulk Asks to Visit Crew of Seized Tanker

The British operator of the tanker seized by Tehran, Stena Bulk, made a request on Sunday, July 21st, to visit the 23 crew members of the seized tanker Stena Impero, and is expecting a response from the Iranian government.A statement from the tanker operator quoted President and Chief Executive of Stena Bulk, Erik Hanell, as saying: “I can confirm a formal request for permission to visit the 23 crew members of the Stena Impero has been made to the authorities at the Port of Bandar Abbas.“The request has been acknowledged, but we await a formal response.

File Image of the Stena Impero (CREDIT: MarineTraffic.com / © Erwin Willemse

Iran: British-flagged Tanker Seized in Gulf

Iran's Revolutionary Guards said on Friday they had captured a British-flagged oil tanker in the Gulf after Britain seized an Iranian vessel earlier this month, further raising tensions along a vital international oil shipping route.Britain said it was urgently seeking information about the Stena Impero after the tanker, which had been heading to a port in Saudi Arabia, suddenly changed course after passing through the Strait of Hormuz at the mouth of the Gulf.The Revolutionary…

GSW Frontier (Photo: Stena Bulk)

Stena Bulk Forms Chemical Tanker JV with Bay Crest Management

Golden-Agri Stena, a joint venture between Sweden based tanker shipping company Stena Bulk and Indonesia’s largest palm oil producer Golden Agri-Resources, has started a new joint venture with Japan's Bay Crest Management for the the operation and commercial management of chemical tankers.The new joint venture, GSB Tankers, will commence operation on January 1, 2019, managing 18 chemical tankers to start, with the aim of managing 30 vessels within the next two years.The joint venture will operate out of the existing premises of Golden-Agri Stena.

Stena Conqueror (Photo: Stena Bulk)

Stena Bulk Charters Out MR Tanker Pair to Petrobras

Stena Bulk said it has signed a contract with Brazil's state-owned oil company to charter out a pair of MR product tankers for transporting refined products along the Brazilian coast. The two-year deal includes the option to extend the charters for another 11 months.The 47,000 dwt tankers, Stena Conqueror and Stena Conquest, were built in 2003 and 2004 respectively.“We have a long-standing, highly-valued relationship with Petrobras when it comes to both Suezmax and MR tankers and we are committed to continue to provide them with safe and efficient deliveries.

Photo: Mercy Ships

Shipping Community Announces Mercy Ships Cargo Day Goal

Mercy Ships Cargo Day, an annual event established by the worldwide shipping community in 2016, has announced a $1 million target goal for 2018.The event, held Oct. 3, provides the opportunity for the shipping and trading community around the world to donate 50 percent of its commission on cargoes (Mercy Cargoes) or to make a direct financial contribution to Mercy Ships. Mercy Ships operates the world’s largest private hospital ship, the Africa Mercy, staffed by volunteers who provide free life-changing surgeries in Africa.

Photo: ENN Energy Holdings

Stena Blue Sky Delivers First LNG Cargo in China

The LNG carrier Stena Blue Sky was historical when it delivered its cargo to the first privately-owned LNG terminal in China.Chinese gas distributor, ENN invited the LNG carrier to become the first vessel to unload at the new Xin’ao Terminal in Zhoushan, Ninbo region on 8th August 2018.Chinese companies build their own LNG terminals and import the fuel directly because they aim to meet higher demand and reduce their dependence on supplies of LNG from state-owned companies. The…

Photo: Stena Bulk AB

Stena Blue Sky Bags Safety Achievement Award

The award was recently given for the professional seamanship and conduct when Stena Blue Sky effected a rescue operation after spotting a fisherman and recovering him from wreckage between the waters of North Korea and Japan 26th October 2017.“Events of this nature are subject to international laws and for us, acting in accordance with these laws is a matter of course. Nevertheless, it is important that attention is drawn to them – in this case, by the Chamber of Shipping of America.

© Steven Watkins / MarineTraffic.com

Concordia Maritime Charters in Suezmax Tanker

Tanker owner Concordia Maritime announced it has moved to strengthen its positions in the crude oil segment by chartering in another suezmax vessel.The 158,000 dwt suezmax vessel that has been chartered in was built in Korea in 2015. As with previous charters, this is a joint charter with Stena Bulk, and Concordia Maritime’s share amounts to 50 percent. The contract is for 12 months, and the vessel will be employed on the spot market through the Stena Sonangol Suezmax Pool from July.Kim Ullman…

(Photo: Stena Bulk)

Stena Bulk Grows Sonangol Suezmax Pool

Over the last six months, Stena Bulk has expanded its fleet in the Sonangol Suezmax pool with the addition of six Suezmax tankers: SKS Skeena, Istanbul, Almi Galaxy, Almi Voyager and Almi Sky. The TC in fleet consists of modern tonnage of varying length and with different options.“In what has generally speaking been a stable low market, we have recently seen opportunities to utilize our business model in the current market,” said Erik Hånell, president and CEO, Stena Bulk. “With our successful commercial management…

Photo: Concordia Maritime

Concordia Maritime Charters Three Suezmax with Stena Bulk

As a further step in fleet positioning ahead of the gradually stronger market that is expected, Concordia Maritime has decided to participate in three suezmax tankers chartered in by Stena Bulk. The 158,000 dwt vessels were built in Korea in the period 2012-2014. The contracts are for 12 months, with an option to extend until the end of 2019. After delivery in May and July, the vessels will be employed on the spot market through the successful Stena Sonangol Suezmax Pool. Concordia Maritime's share in the vessel charters is 50%.

Concordia Boosts Tanker Biz

To prepare for a gradually strenghthening tanker market, Concordia Maritime decided to participate in three suezmax tankers chartered in by Stena Bulk. The 158,000 dwt vessels were built in Korea between 2012-2014. The contracts are for 12 months, with an option to extend until the end of 2019. After delivery in May and July, the vessels will be employed on the spot market through the Stena Sonangol Suezmax Pool. Concordia Maritime’s share in the vessel charters is 50%. The contracts also include a profit-sharing clause with the contractual partner.

Photo: Stena Bulk AB

Digital Naming of Stena Immortal

The digital naming of the MR tanker Stena Immortal took place January 18 at Stena's new office in Hellerup in the north of Copenhagen. The 50,000 dwt Stena Immortal was built at the Guangzhou Shipbuilding International (GSI) shipyard in southeast China and is jointly owned on a 50-50 basis by Stena Bulk and Indonesian Golden Agri Resources (GAR). Following her delivery in September 2016, the 183-meter-long tanker has sailed in one of Stena Bulk's global logistics systems, which currently employ some 60 vessels, with a focus on refined petroleum products, vegetable oils and chemicals.

Image: Concordia Maritime

Concordia Maritime Charters Two More MR Vessels

Swedish tanker owner Concordia Maritime has chartered in two more MR (ECO) vessels, while also extending the contracts for two of the currently chartered MR (ECO) vessels by a further year. A contract to charter out the P-MAX tanker Stena Performance has also been signed. The contractual partner is a large global oil company and the vessel will be used primarily for niche traffic in the Middle East. As with previous charters, these latest contracts are joint charters with Stena Bulk, and Concordia Maritime’s share amounts to 50 percent.

Photo: TOP Ships

Top Ships Gets TC Extension for Four Vessels

TOP Ships, an international ship-owning company, announced that it has extended the time charter agreements with Stena Bulk AB (ex Stena Weco AS) by 12 months for M/T Stenaweco Energy and M/T Stenaweco Elegance and by 18 months for M/T Stenaweco Evolution and M/T Stenaweco Excellence. The Company expects a total gross revenue backlog associated with these time charter extensions of $27.4 million.

Henk Roskamp, Managing Director RVB Shipbrokers, Frank Verbunt, Spouse to Godmother, Godmother Trijntje Margaretha Oosters of RVB Shipbrokers, Johnny Schmolker, Deputy Managing Director Stena Weco, Master of Stena Impeccable Vinay Singh, Erik Hånell, President & CEO Stena Bulk. (Photographer: Silverbullet)

MR Tanker Stena Impeccable Named in Rotterdam

The latest IMOIIMAX tanker to be delivered, Stena Impeccable, was officially named during a ceremony in the Port of Rotterdam. The vessel’s godmother was Trintje Margaretha Oosters, from Dutch RVB Company with which Stena Bulk and Stena Weco have a long-lasting relationship. The Stena Impeccable was delivered at the beginning of March this year after which she sailed from China to Australia with a cargo of caustic soda. She then sailed with a cargo of vegetable oil from New Guinea via Singapore and the Suez Canal to Rotterdam.

Photo Capital Product Partners

Capital Product Partners Declare Cash Distribution

Capital Product Partners L.P. a Marshall Islands master limited partnership and an international owner of modern tanker, container and drybulk vessels today announced that its board of directors has declared a cash distribution of $0.2385 per common unit for the fourth quarter of 2015 ended December 31, 2015. The fourth quarter common unit cash distribution will be paid on February 12, 2016, to unit holders of record on February 5, 2016. All vessels of Capital Product Partners are under period charters to BP Shipping Limited, Cargill International S.A., CMA-CGM S.A., Cosco Bulk Carrier Co.

Erik Hånell (Photo: Stena Bulk)

Stena Bulk Takes Control of Stena Weco

Stena Bulk has agreed to purchase the remaining 50 percent of the shares in Stena Weco from its partner WECO Shipping. Stena Weco will thus be wholly owned by Stena Bulk. Stena Weco’s head office will remain as it is today in Denmark in addition to the regional offices in Singapore, Dubai and Houston. Within the agreement between Stena Bulk and Weco, WECO Shipping will continue to run their controlled fleet in the Stena Weco logistic system. Stena Weco currently operates around 65 vessels, about half of which are owned and half chartered.

Stena Superior (Photo: Stena Bulk)

Stena Sonangol Suezmax Pool Rings in 10 Years

Stena Sonangol Suezmax Pool celebrates 10 years of collaboration and trading. The 10th anniversary celebrations took place in London on May 20. Today on May 26 it is Houston’s turn and, finally, on June 3, it will be Singapore’s turn. The Stena Sonangol Suezmax pool, established in 2005, consists of some 25 Suezmax tankers, although there are plans to expand the fleet to about 30 tankers in the near future. The pool is operated as a 50/50 joint venture by Stena Bulk and the Angolan state-owned oil company Sonangol.

Holly Cummins (Photo: Ardmore Shipping)

Ardmore Shipping Opens Houston Office

Ardmore Shipping has expanded its global network with the opening of an office in Houston, to be led by Holly Cummings, who joins Ardmore Shipping as Chartering Manager (Americas). The new Houston office will be responsible for expanding Ardmore’s commercial activities in the Americas and will work with Ardmore’s chartering teams in Europe and Singapore. Cummings joins Ardmore with 11 years of experience in the maritime sector, most recently in MR Chartering for Stena Weco and prior to that in operations for StenaBulk/StenaSonangol Suezmax Pool and for Morgan Stanley as Commercial Operator.

William Stranne, Manager Chartering and Aayush Giri,  General Manager are now based in Dubai (Photo: Stena Weco)

Stena Weco Opens Office in Dubai

Stena Bulk, via Stena Weco and Golden Stena Weco, has opened a new office in Dubai and will move in this month. The official inauguration will take place in January next year. The company already has a presence in the market in the region but said it wants to get closer to its customers to continue to develop the transportation of chemicals and petroleum products. For Stena Bulk and Stena Weco, which, with its IMOIIMAX fleet, is focusing increasingly on trade with chemicals, Dubai is a strategic hub.

Simon Barham (Photo: UK MCA)

Barham Named UK Ship Register Director

Simon Barham has been appointed as the first U.K. Ship Register Director at the Maritime and Coastguard Agency, scheduled to start his role in February 2016. Barham brings to the position both commercial and technical experience from his 40 year career in the industry. He initially served at sea for 16 years and since then has held senior positions ashore within both ship owning and ship management companies across the world. Previous roles include chief operations officer at Bibby Ship Management…