Media: Stena Bulk declines IPO

Major Swedish tanker carrier Stena Bulk is not headed for an IPO - unlike competitors such as Gener8 Maritime, which announced New York IPO plans on Tuesday - reports Lloyd's List.

Photo: Stena

Stena Bulk will not be following in the steps of other tanker carriers looking for a public listing. Carriers such as Gener8 Maritime, which on Tuesday announced plans to pursue a New York IPO, or Euronav, which was listed earlier this year and thus raised significant funds to boost operations. Or like Hafnia Tankers, which a few weeks ago announced that the company had submitted an application to the New York Stock Exchange ahead of a potential IPO, Stena Bulk CEO Erik Hånell tells Lloyd's List.

Stena Bulk operates a fleet of 120 tanker vessels, with more underway.

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