ShippingWatch

Stena Bulk returns to promising LNG market

Stena Bulk has acquired the full responsibility for three LNG tankers that, according to the carrier, will form the basis for future projects in a market that bodes well for coming investors.

Swedish tanker carrier Stena Bulk has from January 1st acquired responsibility for the commercial operation and technical management of three LNG tankers from subsidiary Stena LNG. The deal covers three ships, one 145,500 dwt vessel from 2006 and two 173,000 dwt vessels from 2011. All the ships are chartered out for the newt two or three years under favorable conditions, as Stena Bulk says, and the carrier subsequently plans to charter the ships on medium or long term contracts.

The acquisition of the ships illustrates Stena Bulk's confidence in the LNG segment, says Erik Hånell, president and CEO, in a statement:

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • 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

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs