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Stena Bulk Inks Deal for Four Additional Newbuild Tankers

marinesalvage by marinesalvage
February 15, 2024
in News
0
Stena Bulk Inks Deal for Four Additional Newbuild Tankers
Erik Hånell, President and CEO of Stena Bulk (Credit: Stena Bulk)

Erik Hånell, President and CEO of Stena Bulk (Credit: Stena Bulk)

Swedish delivery firm Stena Bulk has expanded its fleet with new long-term constitution agreements for 4 newbuild eco Medium Range (MR) tankers.

Two of the vessels, Stena Continent and Stena Conquest, will likely be delivered from Hyundai Mipo by the tip of 2025.

Two additional eco MR tankers, Stena Contender and Stena Concept, will observe in 2026. All vessels are set to make use of the South Korean yard’s newest eighth technology MR tanker design, which has been acknowledged for its wonderful effectivity efficiency.

The tankers will characteristic environment friendly gasoline consumption techniques, consuming simply 15 metric tons of gasoline per day when laden at 13 knots.

This will assist underpin Stena Bulk’s dedication to environmental sustainability whereas sustaining optimum efficiency. The vessels are additionally scrubber fitted to make sure Global Sulphur Cap compliance.

The information follows within the footsteps of Stena Bulk’s success with Stena Convoy and Stena Conductor, which have been delivered in 2022 to a South Korean yard and chartered from a Japanese proprietor, like these new additions to the Stena Bulk fleet.

When they have been delivered, Stena Convoy and Stena Conductor turned essentially the most fuel-efficient MR tankers at sea, in line with Stena Bulk.

“Our long-term fleet expansion strategy always requires us to act flexibly and intelligently with the best interests of our customers at the forefront. The current landscape of costly short-term time charters means we need to think differently, which is why we are proud to sign these four long-term newbuild charter deals.

“The market-leading sustainability performance of these vessels will help to underpin our sustainability strategy, but the stability that these long-term deals afford will create assurance for our customers globally,” stated Erik Hånell, President & CEO of Stena Bulk.

The addition of newbuilds additionally strengthens Stena Bulk’s ties to the Asia Pacific area, as all vessels are owned by one of many largest non-public shipowners in Japan. This marks the sixth long-term constitution in complete from Japan into Stena Bulk fleet.

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