Dan Sten Olsson

We are prepared for many things, but we were not prepared for the Corona virus. Pandemics is not an unknown, but we did not early enough want to see it happening. Is it complacency? In a sense – Yes it is.

GREEN COLLABORATION WITH TIBBER

Stena Property is now entering into a collaboration with the digital electricity company Tibber, which gives 26,000 tenants the opportunity to buy green electricity produced by renewable wind power. The collaboration is the first of its kind for the digital electricity company and enables tenants to buy renewable, locally produced electricity at a better price.

CONCORDIA MARITIME - ANNUAL GENERAL MEETING 2020

The Coronavirus had already put its mark on Concordia Maritime's annual general meeting when shareholders were asked a few weeks in advance to consider voting via proxy and early voting. Food and drink were not served, only a few people attended instead of the usual around 100 people, and speeches from both the CEO and the CFO were published on the website instead of being given at the meeting. CEO Kim Ullman noted that 2019 ended with well-functioning operations in a strong market – a market that in the first months of 2020, with the pandemic and falling oil prices, completely changed character.

STENA RORO'S RECORD-FAST CONVERSION

Conversion of the former ferry Stena Superfast X is currently underway in Pireaus in Greece. The customer is the French shipping company Corsica Linea, which provides service on the Marseille — Corsica — North Africa route. Stena RoRo received the order in December and delivery is expected after a scant five months, as early as mid-June. The conversion includes a general freshening-up and adaptation of the interior, as well as repainting, expansion of the number of cabins and installation of hybrid scrubbers.

STENA BULK - SUCCESSFUL TRIAL WITH BIOFUEL

The 49,646 deadweight tonne (dwt) MR tanker Stena Immortal received the first delivery of Bio Fuel Oil during its recent call at the Port of Rotterdam.

THE IMOFLEXMAX

This week Stena Bulk presented a new prototype vessel called IMOFlexMAX. This is the next generation product and chemical tanker which will be able to reduce greenhouse emissions by more than 25% compared to modern product tankers.

STENA RECYCLING - TRANSPARENCY AND COLLABORATION WILL GET US THROUGH THE CRISIS

It is a tough situation, but it’s not all bad. With transparency, close dialogue and employee expertise, Åke Algotsson, one of Stena Recycling's branch managers, is guiding recycling of his customers' waste through the crisis. Although some volumes are declining, others have gone up and several new collaborative arrangements with customers have been initiated.

STENA RECYCLING - HEALTHCARE WASTE IN STOCKHOLM IS IN SAFE HANDS

The Coronavirus is putting severe pressure on medical services in Stockholm, which also means that the amount of contagious waste from hospitals is sharply rising. Thanks to tight collaboration between Region Stockholm and Stena Recycling, the situation is being handled safely and securely, without risks to the surroundings.

STENA LINE REDUCES CO2 EMISSIONS

Stena Line continues to reduce CO2 emissions and is now ten years ahead of the international shipping targets for reducing emissions. In the newly published sustainability overview “A Sustainable Journey” Stena Line reports a reduction of both total CO2 emissions and per transported ton onboard the ferries. New, larger and more energy efficient vessels, AI assisted captains and an increased punctuality are some important measures.

STENA PROPERTY OFFERS 350 JOBS TO YOUNG

Stena Property is offering summer jobs this year to more young people than ever before. At the same time, young summer workers' duties will be partly modified. This is due to the ongoing pandemic Covid-19.

CREW CHANGES REMAIN EXTREMELY DIFFICULT

As the COVID-19 pandemic continues to significantly affect the global population in ways never experienced before, it is seafarers who have ensured vital global trade continues, with many having to work well beyond their tour of duty.

DIGITAL CHAMPIONS

Digital Champions Program utilizes internal resources to speed the adoption of modern workplace and improve new ways of working.

Dan Sten Olsson

At Stena we know that the shipping business is a cyclical business and the world economy will also always behave in cycles.

CONCORDIA MARITIME - RAPID SWINGS IN TANKER MARKET

The tanker market is, by its nature, very volitile, as events around the globe have a major impact. Concordia Maritime CEO Kim Ullman points out in his latest market update, how among other things, the Coronavirus has recently affected the market.

STENA FASTIGHETER CELEBRATES 20 YEARS WITH RELATIONSHIP MANAGEMENT

This year, Stena Fastigheter is celebrating having worked with relationship management for two decades. “We introduced a whole new way of thinking,” says Helen Welander Möller, Stena Fastigheter’s first relationship manager. “We went from just taking care of the physical buildings to taking on social responsibility by working with relationships with our tenants and others in our residential areas.”

PEOPLE AND PROFIT

Many people I meet think that just because I am so interested in leadership and people, I don't care about profitability. That it should somehow be in the nature of things that one is at the expense of the other. But profitability is the very oxygen in an organization. Without oxygen we cannot live. However, the more the technology advances, the more important human qualities will be.

ENVAC INSTALLING LARGE VACUUM WASTE COLLECTION SYSTEM IN LONDON

In the London Borough of Barking and Dagenham, an extensive new construction project is underway, where 14,000 new flats will be built by 2030. By investing in Envac's vacuum waste collection system, a cleaner environment is being achieved, along with more surfaces to build on and significantly reduced transports in the area.

PEOPLE AND PROFIT

Many people I meet think that just because I am so interested in leadership and people, I don't care about profitability. That it should somehow be in the nature of things that one is at the expense of the other. But profitability is the very oxygen in an organization. Without oxygen we cannot live. However, the more the technology advances, the more important human qualities will be.

WORLD ECONOMIC FORUM IN DAVOS

The week long World Economic Forum meeting in Davos is actually many different things.First and foremost it is a meeting place. Many of our customers and suppliers are represented there and one-on-one meetings are taking place everywhere in the little alp village. Through the event-app the 3,000 “partners” are in continuous dialogue with each other. It is speed-dating brought to a new level with the help of technology – and “everybody” is there.

WEATHER DEPENDENT LASHING OF WHEELED CARGO

With joint forces, Stena Line and Stena Teknik have gained ground for maintaining current operational procedures regarding weather dependent lashing of wheeled cargo
in short-sea shipping.

NORTHERN MARINE CUTS USAGE OF SINGLE-USE PLASTICS

As part of an ongoing drive to achieve more sustainable and environmentally friendly operations, single-use (throw away) plastics have been removed from Northern Marine’s head office and are being phased out across the Company’s global fleet of managed vessels.

CHANGE - WINTER NETWORK MEETING

Winter network meeting 29 January in Gothenburg at Gothia Towers.

STENA FASTIGHETER COLLABORATES WITH VOLVO BUSES AND BATTERYLOOP

STENA SONANGOL POOL CELEBRATES 15 YEARS

The successful Stena Sonangol Suezmax Pool, established in 2005, presently consists of about 20 high-quality and fuel-efficient Suezmax tankers. Stena Sonangol Suezmax Pool is operated as a 50/50 joint venture between the Swedish leading innovative tanker owner Stena Bulk and the Angolan state-owned oil company, Sonangol. The pool headed from Houston also manages chartering and operations of the pool’s vessels from the offices in Gothenburg and Singapore. The vessels sail in the spot market worldwide.

ENVAC INSTALLING LARGE VACUUM WASTE COLLECTION SYSTEM IN LONDON

In the London Borough of Barking and Dagenham, an extensive new construction project is underway, where 14,000 new flats will be built by 2030. By investing in Envac's vacuum waste collection system, a cleaner environment is being achieved, along with more surfaces to build on and significantly reduced transports in the area.

STENA RECYCLING AND ABB COLLABORATES

Replacing all the old electric motors in Swedish industry with new ones would result in energy savings equivalent to 900 wind turbines. At the same time, the old motors contain large amounts of valuable metals that can be used again. The transformation can begin: ABB and Stena Recycling recently signed a long-term agreement on the recycling of old industrial electric motors.

WELL-ATTENDED BATTERY KICK-OFF CONFERENCE

Electrification and battery operation are making inroads into more and more contexts. Taking care of all the worn-out batteries and reusing or recycling them efficiently has become a major challenge for the future. Stena Recycling aims to become one of the largest players in the battery field in Europe.

Dan Sten Olsson

Shipping is the most energy efficient way of transporting goods. Sea transport is usually large-scale and the sea is paving itself. Despite a doubled gross domestic production, the world’s carbon dioxide emissions in year 2050 from combustion of fossil fuels are expected to be no more than half of today’s total emissions.

THE IRISH SEA

After more than six years’ in planning and construction, Stena Line’s newest E-Flexer ferry Stena Estrid started service on the Irish Sea route from Dublin to Holyhead on January 13, 2020.

WORLD ECONOMIC FORUM IN DAVOS

The week long World Economic Forum meeting in Davos is actually many different things.First and foremost it is a meeting place. Many of our customers and suppliers are represented there and one-on-one meetings are taking place everywhere in the little alp village. Through the event-app the 3,000 “partners” are in continuous dialogue with each other. It is speed-dating brought to a new level with the help of technology – and “everybody” is there.

STENA METALL 80 YEARS

In November, it was 80 years since Stena Metall first saw the light of day. This is how it looked when the cake was cut at some of the group's facilities and offices.

STENA RORO - SEVEN SHIPS IN PRODUCTION

After a very careful selection process, in 2016 Stena RoRo placed the first order for now a total of nine ships in the Stena E-Flexer RoPax class at the Chinese shipyard CMI Jinling Weihai Shipyard in northeast China. All ships are based on the same hull, but have been adapted to different customers' wishes and needs.

STENA IMPERO'S CAPTAIN AWARDED

The Captain of the Stena Impero – the tanker detained by Iran for 70 days over the summer - has been awarded by British Royalty for his exemplary service and devotion to duty.

STENA RECYCLING - INDUSTRY 4.0

A more efficient and safer workplace is the goal when Stena Recycling has its sights on Industry 4.0. And with digitalization and technology development, production will become even better.

PROUD OF STENA!

I'm proud when I take the ferry from Styrsö en route to Stena. Many in Gothenburg's southern archipelago have their livelihoods in fishing and shipping, and this is also where Stena has its roots. I am proud to be part of an organization that has a local history and global organization. I am also proud that we have “care” as one of our key words. But I am perhaps most proud of our long-term approach and our genuine commitment in everything we do.

STENA FASTIGHETER CREATES NEIGHBOURHOODS WHERE PEOPLE ARE HAPPY

CHIRPING OF BIRDS AND GENTLE WAVES LAPPING ON THE SHORE IN THE RECYCLING ROOM
- ALEX'S IDEA LED TO MORE SATISFIED TENANTS

LINDÄNGEN AND HERMODSDAL

Although the Lindängen and Hermodsdal neighbourhood in Malmö has been affected by unrest and several acts of violence in the past year, the sense of security among tenants of Stena Fastigheter is increasing according to the latest tenant survey.

STENA FASTIGHETER CONDUCTS A TENANT SURVEY

Personnel working at Stena Fastigheter in Stockholm, more specifically district manager Karin Linander and her colleagues in Fisksätra, Gustavsberg and Sickla, have this year increased tenant satisfaction in all the areas measured in the tenant survey. Security, clean and tidy, taking the tenant seriously and providing help when needed.

CONCORDIA MARITIME

Concordia Maritime had predicted a strengthened tanker market and at the end of the third quarter, as well as in the beginning of the fourth, the upturn became clear. In addition, several basic structural factors indicate that the market will continue to be strong.

COLLABORATION

On 9 October, 30 administrators from the entire Stena Sphere met in Gothenburg for team-building and to learn more about sustainability from a global perspective.

STENA BULK IN NEW JOINT VENTURE

Stena Bulk and Swiss Proman Shipping have initiated strategic collaboration. This collaboration involves the formation of a new joint venture in which Proman Shipping initially agrees to long-term charter and become half-owner in two new orders for IMOIIMeMAX MR vessels from GSI, under the company name Proman Stena Bulk Limited. Collaboration also involves investing in methanol as a fuel for reduced environmental impact. The two companies' shared values and ambitions create good conditions for collaboration.

STENA LOGISTICS

There is considerable power in networking and good relationships that in the long run, can open the way for entirely new business opportunities. Stena's new business area – Stena Logistics – is a shining example of this. That the organization got off to such a good start is partly due to Stena Bulk helping the Korean transport and logistics company Hyundai Glovis in 2013, when they wanted to be the first in Asia to establish a route through the Northeast Passage.

Dan Sten Olsson

For 2019 most of our business units have improved their situations and positions in the market.

STENA ESTRID SETS SAIL

What a journey it has been! Six years after initiating the next-generation ferries project for Stena Line, Stena Estrid is now finally ready. She is one of the five new E-Flexer ships that Stena Line has ordered in total. On November 15 Stena Line took
delivery of the Stena Estrid at the AVIC shipyard in Weihai. In the beginning of next year, she will be the first of the three new ships built for the Irish Sea to start operating on the Dublin-Holyhead route.

1-YEAR ANNIVERSARY

Your connecting flight is unexpectedly cancelled, and you are now stuck in Schiphol Airport. The business meeting is in 4 hours. It is at times like this you need effective and trusted support to guide you onward.

EXPLORING THE GOLDEN MINDS

Diversity is becoming an increasingly important factor for businesses to be able to develop and be innovative in a fast-moving environment. But a business characterised by diversity also places new demands on leadership. Through the training Exploring the Golden Minds, which is part of the leadership program Ready 4 Anything, Stena's leaders will have the opportunity to develop their knowledge in the field.

CREATING CIRCULAR FLOWS

Stena Recycling's new Circular Initiative for sustainability puts the focus on an important societal challenge and is attracting decision-makers from Sweden's largest industrial companies. Several projects for developing circular material flows are already underway.

STENA CIRCULAR ECONOMY AWARD

In June, eleven Swedish Upper Secondary School students received the Stena Circular Economy Award. The award is in the form of scholarships for Upper Secondary School students who are contributing to conversion to a circular economy with more efficient conservation of the Earth's resources.

STENA IMPERO

Through daily efforts from Stena Bulk and Northern Marine Management and repeated demands for release from both the Swedish and UK Foreign Offices, the Stena Impero was finally able to leave Bandar Abbas and Iran after 71 days.

SCHOOL IN FISKSÄTRA

The municipal elementary school in Fisksätra, east of Stockholm, has suffered from few applicants for serveral years. In September, Stena Real Estate bought the school from the municipality. The acquisition of the
elementary school building is unique in the company's history, and is part of the work to strengthen the whole of Fisksätra. In the autumn of 2021, the school opens again – with the Viktor Rydberg Foundation as principal.

Dan Sten Olsson

Namely
- to take into account the complexity or the two-sidedness, (the duality) of everything
- to nevertheless act decisively by
- being simple, fast and brave.

STAYING TRUE TO WHO WE ARE

We are proud of our past, rightfully so. Stena is a fantastic company that has grown and evolved over decades. However, we know that we cannot rely only on the recipe of a proud past to safeguard also a promising future. Especially now, when the world around us is changing rapidly, where do we find the right answers? And how to make sure we do not get lost in our search for the right paths to take? My belief is that our challenge is not primarily about finding the right answers, it must start by asking ourselves the right questions. To be curious, brave and look beyond the obvious.

GLOBAL MERCY

The Tianjin Xingang Shipyard in north-eastern China is building the Global Mercy – the world's largest civilian hospital ship. Heading the project is Stena RoRo, commissioned in 2014 by the international aid organisation Mercy Ships. The vessel has now been launched and the equipment phase with wiring, piping and interior fittings is underway. Stena RoRo has 16 employees at the shipyard to monitor the complex project.

ROUND UP FOR CHARITY

For the third year in a row, Stena Line launched a fleet-wide donation campaign to support the free, life-saving medical treatments that Mercy Ships provides from its hospital ship in countries where it’s needed the most.

FOUR NEW MERCY SHIPS VOLUNTEERS

The global charity organisation Mercy Ships has been our partner since 2017. In addition to fundraising and creating awareness, we aim to contribute with the unique technical and naval competence held by our employees. This year, two able seamen and two engineers joined the other volunteers at the yard in Grand Canaria, preparing the sailing hospital Africa Mercy for her next mission to Senegal.

DONSÖ SHIPPING MEET

Donsö Shipping Meet was created to promote Swedish shipping internationally. In contrast to other events, the highest priority is on encounters between people and opportunities to establish genuine contacts. For three days, 2,000 visitors and 250 exhibitors gathered on Donsö – a small island in the Gothenburg archipelago, where Stena originated.

ANNUAL GENERAL MEETING

Over a hundred shareholders gathered on this sunny spring day to attend Concordia Maritime's Annual General Meeting, which took place on 25 April at the Elite Park Avenue Hotel on Kungsportsavenyn in Gothenburg. The Sulphur Directive IMO 2020 and the pros and cons of installing scrubbers was the single most important topic of discussion during the meeting.

SUSTAINABLE JOURNEY CONTINUES

AI assisted vessels to save fuel, battery power propulsion, huge reduction of single use plastic on board, continued low level of crew and passenger accidents and the launch of a fifth focus area – Equality and inclusion. That are some of the highlights in Stena Line's sustainability review A Sustainable Journey for 2018.

EQUALITY AND INCLUSION

Stena Line has launched a new sustainability focus area – Equality and inclusion. This is part of the company’s increased commitment to creating a sustainable working environment and an important step on the journey towards becoming a leader in sustainable shipping.

All Aboard!

Sponsoring EuroPride is one of Stena Line’s initiatives to highlight the importance of equality and inclusion. It is an opportunity for the company to stand up for equal rights and oppor-tunities for everyone and to show employees, customers and business partners that Stena Line cares – and welcomes all.

MERCY SHIPS

Stena Line's partnership with Mercy Ships is not only about raising awareness and donations among passengers and partners, it is also about sharing the unique technical and naval competence the company’s employees hold.

MASTHUGGSKAJEN GETS NEW LIFE

In May, the first sod for Masthuggskajen in Gothenburg was taken. The work of creating a completely new living district right next to the river Göta Älv is one of Stena Fastigheter’s largest and most recognized urban development projects ever. And it is done on classical Stena land.

STENA CARBON DAYS

Stena aims to meet the world’s demand for emission reductions with innovative solutions and collaboration. This emerged from the discussions at Stena Carbon Days.

CLEANER OCEANS

Each year around 8 million tons of plastic ends up in the ocean, plastic that doesn't disappear. This has serious consequences for animals, nature and even us humans. Ocean litter is one of the greatest environmental problems and to help raise awareness Concordia Maritime organised, for the second time, a beach clean-up in the Gothenburg archipelago.

SAFETY

At Northern Marine Group, ‘safety’ is a word you hear a lot. It is a Company value; it is written in the Company ship management mission statement; it is ingrained in the fabric of both the business and its employees.

WITH A FOCUS ON PLASTIC

Interest in plastic recycling is extremely high. This was clearly demonstrated at Stena Recycling's Knowledge Day at the Stena Nordic Recycling Center in April. More than 200 guests from several countries attended to listen and participate in the discussions.

Dan Sten Olsson

Every year meets its fair share of events. Some seem to be remarkable as they arrive. Others turn out not to be so remarkable in retrospect. This year we have taken big steps into being active in logistics, which, I believe, will remain a remarkable step forward.

WHAT’S GOING ON?

The album “What’s going on?” was released in 1971 by Marvin Gaye. It was a huge hit and was voted one of the greatest albums of all time. Why? Well Marvin Gaye voiced some of the big concerns of his generation – the Vietnam war, inequalities and environmental pollution. And people listened.

Stena Europe

The Stena Europe is a passenger ferry operated by Stena Line, servicing the Irish Sea route between Fishguard and Rosslare. The 37-year-old ship has careful maintenance to thank for its good condition. In order to keep the ship running for another number of years, it has undergone a thorough renovation in recent months.

YOUNG ARENA

In 2015, a few young people in Bredäng got an idea. They wanted to start an association with the goal of highlighting Bredängs positive role models. Since then things have been progressing at rocket speed. Now they are involved with homework help, safe walks and they have even initiated their own day: The Bredäng Day.

GREATER SECURITY AND MORE JOBS

Stena Fastigheter has entered as the principal partner in "The Community Match". The Community Match is Hammarby football's collective name for the club's contri-butions to the local community, which is to say the match happening outside of the chalked lines.

FIRST PLANT WILL BE BUILT IN COPENHAGEN

When waste is incinerated to produce heat and electricity, ash is also produced. Only in the Nordic countries several hundred thousand tons of incineration ash need to be dealt with every year. Rather than being transported long distances to special landfills, ash can now be treated and deposited at standard local landfills. All thanks to a technique developed by Stena Metall Group's Research & Development Department.

BEST SUPPLIER 2018

Stena Aluminium has been named "Best Supplier of the Year 2018" by Gnutti Carlo Light Metal Division, which owns the aluminium plant Ljunghäll and is one of Stena Aluminium's largest customers.

RECYCLING BATTERIES

Mining equipment, excavators, forklifts, loaders and trucks. The list of different types of vehicles that now run on electricity is constantly expanding. Electric cars and plug-in hybrids will dominate the market by the year 2026.

SUCCESSFUL COLLABORATION

After a successful collaboration, Stena RoRo and Stena IT have developed a Business Intelligence platform that, amongst other functions, analyzes ship movements. The result is significantly less manual work – and a better basis for decision-making.

Dan Sten Olsson

Christmas is a time for reflections and new objectives for all of us. Personally I spent the time to reflect and rework my little white book again. This is the ninth edition and we still need to keep on learning. What is new and hopefully true this time?

FOR SOME THOUGHTS ON THE FUTURE!

18 assistants and coordinators from Stena's Swedish companies participated in the Winter Network meeting on the 23rd of January in Gothenburg, with Nanna Gillberg from Gothenburg University and Per Wimby from Stena Teknik holding lectures.

FIFTH TIME LUCKY...

Is there anything more uniting than an arch rival? When Sweden’s women’s team in the cross-country skiing relay was on the starting line in the World Cup, Sweden had only atained silver in the four most recent World Cup races. Always defeatedby Norway.

NEW GLOBAL HEAD

The new Global Head of Francois Marine and Offshore – NMG’s Marine Supply subsidiary – has taken up his post, completing the Company’s new management team.

REFLECTIONS FROM DAVOS

The World Economic Forum was founded in 1971 by a professor of economics who wanted to gather important stakeholders for the purpose of informing, discussing and developing action plans for the benefit of the world. The purpose is summarized in the goal formulation: "Committed to improving the state of the world". Over the years, the forum has grown to become an important and unique meeting place in business life and between companies, political decision makers and research, often represented by interest groups. Everyone is not welcome, it is by invitation only.

SCRUBBER INSTALLATIONS

Maximising ship owners’ investment return is one of the primary objectives for Tritec Marine and Shanghai Bluesoul Environmental Technology Co.Ltd as they collaborate on the installation of exhaust gas cleaning systems (scrubbers).

GAIN OR DRAIN

Being able to create, transfer and leverage energy is one of the most important challenges a leader faces. To be able to do it, you need to first understand what motivates both yourself and others. This forms the starting point of the module Gain or Drain, which is a part of Stena's leadership program, Ready 4 Anything (R4A), and is designed for all leaders in Stena.

FUTURE FUELS

Sulphur Emission Control Area (SECA) for the Baltic Sea, North Sea and English Channel have allowed emissions of 0.1% sulphur since 2015, which will be decreased to 0.5% by 2020. Last year the IMO decided that the shipping sector needs to halve greenhouse gas emissions by 2050. How do we accomplish this? To get a better grasp on what Stena is working on, we met Per Wimby and Per Stefenson at Stena Teknik.

STENA E-FLEXER

This past January in the city of Weihai in northern China, two ceremonies were held at the shipyard AVIC. From 2016-2018, Stena RoRo placed orders for a total of eight RoPax E-Flexer model ships from this shipyard, and now it was time to launch the first and lay the keel for the third ship in the series.

STENA IMPECCABLE

Roger Olofsson Bagge, father of three and surgeon at Sahlgrenska University Hospital in Gothenburg, had his life-long dream fulfilled when his wife surprised him with a trip on Stena Bulk's tanker ship, the Stena Impeccable.

THE STENA ESTRID

The ceremonial launch of the Stena Estrid was an important milestone in the major investment program that the new productions in China represent. The Stena Estrid is the first in a series of five E-Flexer vessels, which for Stena Line represents the next generation of energy-efficient and flexible RoPax vessels.

REFLECTS BACKWARDS AND FORWARDS

2018 was a lost year. The first three quarters were actually the worst since the 80s, though we saw improvement in the fourth quarter. This was probably the first sign that we are now heading towards a more favourable market.

ROPAX VESSEL IN JAPAN

Stena RoRo has purchased the RoPax-vessel Yamato from the Japanese shipping company Hankyu Ferry. The vessel will be rebuilt at a shipyard in Europe and be fully adapted to European standards, after which it will be chartered out. This process will begin in spring 2020 and is estimated to be in traffic by the summer.

STENA BULK CHOOSES SCRUBBERS

To meet the new directives on sulphur emissions, fuel needs to be changed to low sulphur alternatives, such as liquefied natural gas or methanol. The alternative is to install an emissions purification system known as scrubbers.

A JOINTLY OWNED COMPANY

On Wednesday, February 27, Stena and Glovis signed an agreement that now results in a jointly owned company named Stena Glovis.

PROUD TO LEAD STENA LINE INTO THE FUTURE

2018 was another good year for Stena Line and we continue to deliver on our strategy. This year I am looking forward to increase our focus on our digital transformation, welcome our first E-Flexer vessel and to continue to put our people and our sustainable journey high on the agenda.

SAY HELLO TO STINA

Stena Line aims to become the world's first cognitive ferry company assisted by A.I. But what does it really mean to be cognitive? In this explanation model we show the different levels of cognitivity and how that is translated to one of our most interesting A.I. projects – the chatbot Stina.

TRITEC MARINE

Tritec Marine – a Northern Marine Group company - has overseen delivery of the first of two new-build RoRo vessels destined for service between Melbourne and Tasmania.

STENA FREIGHTER

Every ship has its own story – but Stena Freighter has a particularly eventful background. From its commission 23 years ago and then its purchase at executive auction via completion in Croatia to
serving on several European routes under Stena Line and Stena RoRo operation to functioning as a
landing pad for space rockets.

PIRATE ATTACK

In the beginning of November, Stena Bulk's ship, Stena Imperial, was on its way from Southeast Asia to Rotterdam for unloading. During its northward voyage through the Red Sea west of Yemen, two smaller boats were discovered approaching the ship.

EMBASSY VISIT

Sweden´s Ambassador to the United States, Karin Olofsdotter visits Stena Bulk Houston.

THE TURNAROUND HAS NOW BEGUN!

In their last interim report, Concordia Maritime noted that their forecast of gradual improvement in the market is now beginning to materialise. CEO Kim Ullman says of the market:

VIENNA AND LONDON

EPCA is the European Petrochemical Conference Association. It’s an annual event that takes place in Berlin every 2nd Year and the year in between it is arranged in various bigger cities in Europe.

ANNUAL REPORT

Profit for the financial year 2017/2018 was MSEK 743 – the best in Stena Metall Group's history.

"I am impressed by the commitment and business acumen that our employees have shown throughout the Group over the past year," says CEO Anders Jansson.

A BRAND WORTH NURTURING

"Caring for Stena's strong brand is without a doubt incredibly important", says Staffan Hultgren, Vice President of Stena AB. "It generates business benefits and large values. Yes, its importance to our ‘bottom line’ is an undoubted fact, and therefore it is also very important that we nurture the brand and use it in such a way that we deliver the value that has been built up over the years", emphasises Staffan.