Strong tanker market boosts Stena AB in Q3
Swedish shipping group Stena AB made it through the third quarter in strong form, benefiting especially from the soaring tanker market and growing RoRO volumes, but the low oil price could hurt the group in 2016 and 2017, says Danske Bank.
by DANIEL LOGAN
Sweden's biggest shipping group, Stena AB, delivered a strong third quarter with an improved overall result driven by growth in the group's RoRo and shipping segments, while the drilling unit was hit by the downturn in the offshore market.
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