Stena Weco establishes new tanker carrier in Singapore

The Danish tanker carrier Stena Weco, has established an intra-Asia tanker daughter company which are meant to transport palm oil in Asia. However, the ideas behind the new carrier are older than Stena Weco and have been in the pipeline for a long time.

Photo: Hapag-Lloyd

In the beginning of September, a new tanker carrier transporting palm oil in Asia was established. The carrier is a joint venture between Stena Weco and the world’s second-largest producer of palm oil, Golden Agri, and is called Golden Stena Weco.

“We now have seven people in the Golden Agri offices in Singapore and they are managing what is meant to be an intra-Asia carrier and actually, we have just bought a tanker of 9,000 tons which is the first owned vessel in the fleet. Now the seven people are managing all the Golden Agri logistics and all the chartering of their intra-Asia palm oil corresponding to 2.5 million tons per year”, CEO of the Dannebrog Group, the owner of Stena Weco, Johan Wedell-Wedellsborg, tells ShippingWatch.

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