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Stena Bulk and Sonangol Pool of Tankers Growing With More Orders for Ultramodern Tankers |
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Wednesday, 10 March 2010 |
 Stena Bulk, which recently confirmed the order at Samsung Shipyard for two in-house designed Suezmax tankers for delivery in 2011, has now placed further orders together with partners and the Angolan oil company Sonanagol
The first two vessels, to be named Stena Superior and Stena Suède, have
been designed with the help of Stena’s own design department in
accordance with the most advanced technology available today. The result
is dramatically improved energy efficiency, which will, among other
things, reduce fuel and bunker consumption by up to 15 percent compared
with most efficient, conventionally designed Suezmax tankers currently
in operation.
Stena Bulk and Samsung have confirmed that options on a further four
vessels in the series have been signed, which means that the newbuilding
order with Samsung Shipbuilding has been increased to a total of six
tankers with delivery of the units now added set for the end of 2012.
“Stena Bulk have been patient in viewing the markets these past couple
of years, which has proven to be correct. 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 six 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”.
This news follows on Sonangol’s announcement of the company’s order for
five new 160,000 dwt tankers from DSME Shipbuilding in South Korea.
These tankers are expected to be delivered from mid-2011 to the
beginning of 2013. Sonangol has also confirmed that the five new tankers
will immediately enter the Pool on delivery. This
means that the Stena Bulk and Sonangol partnership will bring up to
twelve high quality ultramodern Suezmax tankers to their Pool.
Stena’s close collaboration with Sonangol, the national shipping company
of the West African oil producing nation Angola, is entering its sixth
year of successful operation with the aim of building up a total fleet
of 25 new and ultramodern Suezmax tankers with an average age of only 3
years. In the last 12 of 16 quarters, the Pool has posted the best
revenues of all the competing Suezmax pools as well as topping the
index.
In addition, the venture appears to be poised for further growth with
several quality owners with new Suezmax tankers applying to become
members.
The operation and chartering of the Stena Sonangol Suezmax Pool is run
from Stena Bulk’s offices in Houston, London and Singapore. And last
month, the joint venture celebrated the addition of their newest
representative office opening in Rio de Janeiro, Brazil.
Finally, Stena Bulk also announced that as part of its ambition to
modernize the fleet, three of the older vessels in the pool, the Nordic
Voyager (built 1997), the Nordic Jupiter (built 1998) and the Nordic
Freedom will be returned to their owner, Nordic American Tankers, within
short.
Source: Stena Bulk
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