Stena Bulk makes SEK Billion Strategic Acquisition

Stena Bulk has purchased three MR* product tankers for a total of approx. SEK 1 billion from Italian Gestioni Armatoriali Spa in Ravenna with delivery set for February, 2008. The three vessels, the Stena Conqueror, the Stena Conquest and the Stena Italica, which Stena has controlled via long-term charters ever since they were built, will continue to be operated from Stena Bulk’s office in Houston.