Sweden: Stena Bulk Takes Back Responsibility for Stena’s LNG Tankers

Following a reorganisation, Stena Bulk took back the overall responsibility for the commercial operation and technical management of the three LNG tankers Stena Blue Sky, Stena Crystal Sky and Stena Clear Sky from Stena LNG on January 1. The vessels are signed to time charters for the next 2-3 years on favourable terms and are subsequently expected to be signed to medium to long-term charters.

“For the last three years, we, that is Stena Bulk/Stena LNG together with Northern Marine Management, which has been responsible for the technical management, have built up a very good name in the LNG segment – an industry segment undergoing expansive development and one that we judge will be very interesting indeed in the next few years”, says Erik Hånell, President and CEO of Stena Bulk.

“The three existing tankers will form the basis of future projects. We are active and keep a sharp eye on all relevant projects in the market and we see what opportunities there are for investing and finding suitable industrial partners in the segment”, he concludes.

In 2011, Stena Bulk invested in the three LNG tankers owned by the Taiwan-based shipping company TMT (Today Makes Tomorrow) and in May 2012, Stena formed a separate company, Stena LNG. Stena Bulk has now once more assumed the overall responsibility for the three LNG tankers.

Göran Hermansson , previously at Stena LNG, has joined Stena Bulk’s organisation. He will focus on LNG and gas-related projects as well as other projects at Stena Bulk.

Stena Bulk’s organisation in Gothenburg will, as previously, be responsible for the commercial management of the three tankers and the tanker offices in Singapore and Houston will continue to be active in this segment.

Stena’s three LNG tankers are the 145,500 dwt Stena Blue Sky (built in 2006) and the two 173,000 dwt sisters Stena Crystal Sky and Stena Clear Sky (built in 2011).

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Stena Bulk, January 15, 2014