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.
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