ShippingWatch

Stena Bulk takes full control of Stena Weco

Stena Bulk has agreed to purchase the remaining 50 percent of the shares in Stena Weco from its partner Weco Shipping.

Photo: Stena Bulk

Stena Bulk has agreed to purchase the remaining 50 percent of the shares in Stena Weco from its partner Weco Shipping. Stena Weco will thus be wholly owned by Stena Bulk. Stena Weco's headquarters will remain as it is today in Denmark in addition to the regional offices in Singapore, Dubai, and Houston, the comapny writes in a release.

In the agreement between Stena Bulk and Weco, Weco Shipping will continue to run its controlled fleet in the Stena Weco logistics system. Stena Weco currently operates around 65 vessels, of which about half are owned and half are chartered.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs