Stena Bulk Forms New Tanker Operation Partnership

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  • Stena Bulk has forged a new partnership with ‘a prominent Gulf Co-operation Council investment institution’ for the operation of an undisclosed number of the shipping company’s IMOIIMAX tankers.
  • The new partnership will provide for the GCC institution to become 50% owners of part of the company’s IMOIIMAX tanker fleet alongside Stena Bulk.

Swedish shipowner Stena Bulk has today announced it has entered into a partnership with an investment firm for the operation of an undisclosed number of the company’s existing IMOIIMAX tankers.

The partnership with the investment firm, only described as a “prominent Gulf Cooperation Council investment institution”, will enable it to become 50% owners of part of Stena Bulk’s IMOIIMAX tanker fleet. The other half will be owned by the Swedish shipping company.

Originally built between 2015 and 2018, these tankers are designed to carry IMO 2 and 3 cargoes as well as clean and dirty products. The vessels are all equipped with 18 cargo tanks of a max 3,000 cu m capacity as well as a nitrogen-based inert gas system. The design was developed by Stena Bulk and Stena Teknik together with the Chinese shipyard GSI.

We look forward to working closely with our partners to continue to maximise the potential of our IMOIIMAX tankers, expanding our market reach, and creating value for our customers,” said Erik Hånell, president and CEO of Stena Bulk.

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Source: Stena Bulk

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