Stena And OljOla Teams Up On A Joint Venture

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Stena Oil, Stena Teknik and OljOla are entering into a new joint venture agreement to secure an ongoing new building project for a 2000 DWT Oil- and Chemical Tanker in Turkey, says an article published on their website.

Close cooperation

It is our greatest pleasure to inform that through the close cooperation between the named parties, Stena Oil and OljOla Shipping are to expand its fleet with a new Oil Chemical Tanker for bunker supply in the North European region.

Joint venture

The project is a joint venture involving OljOla Shipping as owner with full technical management, Stena Oil as commercial operator and Stena Teknik as project and new building management.

Environmental performance

The vessel design and specification has been upgraded to match and exceed the operational requirements for the North European region.

Besides being highly flexible and with environmental performance in mind, the vessel is designed to carry chemicals as per IMO Type II, including methanol and various bio-fuels. The new building will add as a top performer to the Stena Oil fleet and with its ability to lift chemical cargoes, it will allow Stena Oil to expand its portfolio with alternative fuel types.

Three diesel generators

The vessel is a twin screw oil- and chemical tanker with two main engines and three diesel generators, all equipped with SCRs for Tier III compliance.

The cargo will be transported in coated cargo tanks over five complete segregations and discharged by screw type cargo pumps.

Bunker operations

The vessel is designed by Kuzey and being built by GENKA Shipbuilding in Tuzla, Turkey.

The close cooperation allows us to advance in the market and to continue to develop purpose-built tankers, providing efficient and environmentally friendly transportation and bunker operations. The group continues to grow and set direction to further its position.

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Source: OljOla

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