Stena Bulk Expands Collaboration with Teekay

The shuttle tanker Navion Gothenburg was delivered yesterday, after upgrading and modification1, from the shipyard Dubai Drydocks. The basic model of the vessel was built at the shipyard Samsung Heavy Industries in South Korea and is owned on a 50-50 basis and on the same terms by Stena Bulk and the Canadian shipping company Teekay, one of the three largest oil transporters in the world. Immediately after delivery, the Navion Gothenburg will enter a 13-year charter with Petrobras, the largest oil company in Brazil.

Stena Bulk has been working with Teekay for several years, currently in the form of six shuttle tankers on long-term charters stationed in the North Sea and off the Brazilian coast. The crude oil tanker Navion Gothenburg, a 152,000dwt Suezmax shuttle tanker with a double hull and a length of 275m, is the latest addition.