- Stena Bulk has signed long-term charter agreements for four new buildings.
- All vessels will utilize the latest 8th-generation MR tanker design.
- Stena Bulk’s decision to secure six long-term charters from Japan.
Stena Bulk has signed long-term charter agreements for four newbuilt eco Medium Range (MR) tankers. These agreements involve a five-year charter from an undisclosed private Japanese shipowner major, reports Offshore Energy.
Vessel Details
Two vessels, namely Stena Continent and Stena Conquest, are slated for delivery from Hyundai Mipo by the end of 2025.
Two additional eco MR tankers, Stena Contender and Stena Concept, are expected to follow in 2026.
All vessels will utilize the latest 8th-generation MR tanker design from the South Korean yard, known for its efficiency.
Fuel Efficiency and Compliance
The 8th-generation design enables the ships to consume a mere 15 metric tons of fuel per day when laden at 13 knots.
Furthermore, the vessels are equipped with scrubbers to ensure compliance with global sulfur cap regulations.
Market Impact
Stena Bulk emphasizes that the delivery of Stena Convoy and Stena Conductor in 2022 set a new standard for fuel efficiency among MR tankers.
The decision to charter these new vessels aligns with the company’s strategy to offer sustainable and efficient shipping solutions to its customers.
CEO Statement
Erik Hånell, President & CEO of Stena Bulk, underscores the importance of flexibility and customer focus in the company’s fleet expansion strategy.
Hånell highlights the significance of these long-term charter deals in navigating the current landscape of costly short-term time charters.
Strategic Partnership with Japan
Stena Bulk’s decision to secure six long-term charters from Japan underscores the country’s pivotal role in the company’s long-term and adaptable fleet strategy.
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Source: offshore energy
