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June 1, 2010

Stena adds seventh Suezmax to newbuild series

Stena Bulk has added a seventh in-house designed Suezmax tanker to the six recently ordered at Samsung for delivery in 2011/2012.

Stena says its design achieves energy efficiency improvements that reduce fuel and bunker consumption by up to 15 percent compared with most efficient, conventionally designed Suezmax tankers currently in operation.

"Stena Bulk have been patient in viewing the markets these past couple of years, to expand its fleet of Suezmax tankers (160,000 dwt). And we have taken the time to integrate our proven track record for innovative tanker design by creating the most environmentally friendly large tanker of its size, with minimal fuel consumption, available today," said Ulf G. Ryder, President & CEO of Stena Bulk.

"The order for these seven vessels will all be excellent additions to the Stena Sonangol Suezmax Pool," Mr. Ryder continued. "The pool, which is in the premium class of the operating tanker pools, will now further cement its lead with an emphasis on new and environmentally friendly tankers".

The operation and chartering of the Stena Sonangol Suezmax Pool is run from Stena Bulk's offices in Houston, London and Singapore plus a new representative office in Rio de Janeiro.


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