COLLABORATION - NETWORKING

Administrators and coordinators from Stena's Swedish companies met for a networking meeting on April 25 in Gothenburg. The main theme of the day was “Leadership in the new normal – trust and communication”.

DIVERSITY AND INCLUSION - A FANTASTIC BUSINESS OPPORTUNITY

Diversity and inclusion are essential for Stena from a business perspective – and a particular area of focus for Stena AB board member Vivienne Cox, who was recently appointed Dame Commander of the Order of the British Empire, mainly for her work with diversity and inclusion in the business world as well as in sustainability. At Stena’s Digital Summit in April 2022, she shared her knowledge and experience in the field.

COLLABORATION WITH AMERICAN CROWLEY

Stena RoRo is collaborating with the American shipping and logistics group Crowley on a project for the purchase of ships for the United States Maritime Administration (MARAD). With the aid of Stena Bulk, Concordia Maritime has also recently signed a contract whereby Crowley is bareboat chartering the P-MAX vessel Stena Polaris.

Dan Sten Olsson

As we were getting ready to finally shake off the burdens of a two-year pandemic, a new crisis hit Europe. The last quarter shows the importance of resilience and staying true to the mission of our companies, namely: To create value for society and for our customers.

HORSEPOWER

I love horses and have done so all my life. If I get the question, do you ride, I answer immediately yes, even though I haven’t ridden regularly for over 20 years.

SEASONAL RECRUITS PRACTICE EVACUATION DRILLS

You have two jobs onboard, the first one is your role in the safety organisation and the second your regular work tasks. This is the foundation of what over 400 seasonal recruits are being taught at Öckerö Martime Center in the Gothenburg archipelago, West Sweden, during the spring. Stena Line has placed a real evacuation system here that releases into the water – the only one in Northern Europe.

BATTERYLOOP SIGNS CONTRACT WITH MERCEDES-BENZ ENERGY

BatteryLoop has signed a supply frame contract agreement with Mercedes-Benz Energy for batteries for energy storage solutions.

ALL STENA RECYCLING COMPANIES JOIN SCIENCE BASED TARGETS

Stena Recycling takes the next step to reduce climate impact by committing to the Science Based Targets initiative (SBTi). By committing to set science-based targets, all Stena Recycling companies set out to reduce their climate footprint in line with the ambitions of the Paris Climate Agreement.

ASSIGNMENT FOR POLESTAR

Stena Circular Consulting (SCC) has been commissioned by Polestar to analyze how their electric cars can be designed in the best possible way, from a circular perspective. For 12 weeks, three consultants from SCC analyzed existing and future models at component level. This according to a methodology developed by SCC, which can support Polestar in future production.

LONG-TERM SECURITY PROJECT PAYING OFF

A long-term security project is having an effect according to Stena Fastigheter's sustainability report for 2021.

NORTHERN MARINE WELCOMES NEW VESSELS INTO MANAGEMENT

This year Northern Marine is welcoming a number of new vessels into management with the Company now managing an equal number of gas carriers and oil tankers for the first time.

NEW CEO STENA REDERI AND HEAD OF SHIPPING

As of August 1, 2022 Markus Lindbom, presently Chief Commercial Officer at Stena Line, will take up the role of CEO Stena Rederi and Head of Shipping.

TAKE CARE OF EACH OTHER

Every third person in Sweden will receive a cancer diagnosis during their lifetime. This means that the vast majority of us somehow will suffer from cancer. Some will fall ill themselves, while others will be related to someone with the disease. One thing that most of us will have in common during our lifetime is that we will be unwilling victims of this disease, and that is why there is a lot to say about cancer.

STENA PROPERTY BUILDS EIGHT-FLOOR BUILDING IN WOOD

An eight-floor building in wood is being built in Gothenburg. The construction and real estate industry accounts for just over 20 percent of Sweden's total greenhouse gas emissions. At Stena Property, several initiatives are underway to reduce carbon dioxide emissions, and halve our climate footprint by 2030. In Askim in Gothenburg, we find Trägården, one of the company's foremost innovation projects for reducing emissions in new production.

STENA LINE - WHY DIVERSITY AND INCLUSION MATTERS

Stena Line is driving diversity and inclusion forward with its People Sustainability Roadmap at the top of the agenda.

STENA METALL - OFFSHORE OIL RIG RECYCLING

Stena Recycling Norway’s solution-oriented way of tackling challenges is one of the reasons customers think they are a reliable partner when it comes to carrying out heavy-duty recycling commissions. One of their largest projects has been to handle spudcans, which are large and heavy inverted cones that are part of the legs of
a liftable offshore oil rig.

STACY TAO APPRECIATES STENA'S CORPORATE CULTURE

Stacy Tao is the office administrator manager at Stena RoRo’s Shanghai office and says that the longer she works at Stena, the more she appreciates the values and culture. She especially stresses the importance of work with sustainability. Stacy is very committed to her job and has clear ambitions for the future – she is studying Swedish and would be happy to move to Gothenburg.

NMG - NEW MARINE QUALITY ASSURANCE COMPANY FULLY OPERATIONAL

Maritime Global Services (MGS) – a new Northern Marine Group company – is now fully operational following successful launch of its marine quality assurance services in 2021.

STENA METALL - BATTERYLOOP FINALIST IN SWEDEN'S LARGEST ENERGY PRIZE

BatteryLoop was one of this year's three finalists, in the Energy Efficiency category, for its smart energy storage made from recycled electric vehicle batteries.

STENA DRILLING

In September 2021, Stena Drilling were delighted to secure a contract with Chariot Energy Ltd to carry out drilling using the semi-submersible unit, Stena Don, as part of the Anchois Gas Development project in offshore Morocco. This was a very exciting prospect for all involved with the rig, as this was the farthest South that the Stena Don had ever worked.

SUSTAINABLE SHIPPING AND PHYSICAL PRECENSE IMPORTANT FACTORS FOR STENA RORO IN CHINA

“It is a tremendous advantage having our own office in Asia, especially in China,” says John Kollander, Chartering Manager for Stena RoRo globally and head of the company's Shanghai office. He highlights the position of StenaSphere and Stena RoRo as a driver of sustainability and a success factor in Asia.

Dan Sten Olsson

PROGRESS IS GOOD. Celebrating one's birthday is fantastic.

Dan Sten Olsson

Our values and our way of working have taken us far. They remain supportive to take us out of the current crisis. At Stena AB, we are not yet out of the woods however things are improving steadily.

STENA RECYCLING POLAND CELEBRATES 20 YEARS

It has been 20 challenging years since Stena Recycling started its Polish operations. The company has evolved from a small organization focused on scrap to a leader in comprehensive waste management solutions and environmental services.

NORTHVOLT INITIATES COOPERATION WITH STENA RECYCLING

Northvolt has chosen Stena Recycling as recycling partner also for the production plant in Skellefteå, Sweden, where it will manufacture lithium-ion batteries for electric cars and energy storage. The overall focus will be to manage and recycle production waste as efficiently as possible, develop new recycling solutions, and ensure that valuable resources are circulated.

STENA LINE OPENS NEW ROUTE TO FINLAND

In recent months, Stena Line has heavily focused on expanding in the Baltic Sea. With its newest route, the ferry operator literally breaks new ground, and closes a gap at the same time. Stena Line’s first ever ferry route to mainland Finland makes up for the now densest route network in Northern Europe, reaching from the Irish Sea to the utmost east of the continent. The opening is also a testament of Stena Line’s approach to act dynamically and consequently, when the customers’ demand is there.

SUSTAINABILITY IN FOCUS WHEN STENA PROPERTY RENOVATES

In the middle of Malmö, and next to the Möllevångstorget square and its bustling urban life, we find a building that belongs to Sweden's textile history – Trikåfabriken (The tricot factory). Stena Property is now renovating the property, with the goal of once again filling the factory's premises with creative companies that contribute to the city's further development.

STENA PROPERTY WANTS TO CONTRIBUTE TO YOUNG PEOPLES' FAITH IN THE FUTURE

To help more young people get jobs, have healthy and meaningful leisure time and to reduce inequality in Stockholm's southern suburbs, Stena Property in Stockholm is collaborating with Hammarby Fotboll and as the main partner in their social sustainability concept – Samhällsmatchen.

IDA FREDRIKSSON - ABOUT WORKING IN DUBAI

Ida Fredriksson has soon lived in Dubai for two years. There she holds the positions of General Manager and Office Head for Stena Bulk in Dubai, but also of General Manager for Golden Stena Baycrest's operations in Dubai.

STENA DRILLING - DECOMMISSIONING IN THE NORTH SEA

Plug-and-Abandonment (P&A) is the final stage in a well’s lifecycle. After years of production the well comes to an end either because it stops producing or it’s no longer economically viable to produce. The well is then shut down and made safe – this is called Plug-and-Abandonment (P&A).

STENA RORO CONVERTS FERRY INTO ACCOMMODATION VESSEL

The conversion of the ferry Saga (formerly the Stena Saga) into an accommodation vessel has been completed over a two-month period in Piraeus, Greece and the vessel is now on its way to Manila in the Philippines. There she will be used for just over a year, among other things, for accommodations during the construction of Manila's new international airport.

HAPPY NEW YEAR!

2021 will soon be behind us and the new year is rapidly approaching. It’s been another year under the shadow of the pandemic, but we hope for a better 2022 with declining infection rates and opportunities to meet, travel and gather
without having to limit our activities.

CHANGE OF CEO FOR CONCORDIA MARITIME

Kim Ullman will be handing over the baton at Concordia Maritime to Erik Lewenhaupt on January 1.

NMG - NEW TRAINING FACILITY IN SCOTLAND

Clyde Training Solutions (CTS) – a Northern Marine Group Company – has officially opened a training centre dedicated to the renewables industry.

Dan Sten Olsson

This year Sphere Forum was a digital event. And even if we missed the chance to meet I still think it was valuable to gather all participants digitally around important topics for Stena going forward. A lot has been difficult during the last years. Many of us have lost a friend or a relative.

NOTHING NEW UNDER THE SUN?

In previous issues of SfärNytt, we've read about the development of the STENA ELEKTRA, which will likely be the world's largest battery-powered ferry. Electrically powered vessels are believed to have great potential in the future with the capability of utilizing renewable energy from solar, wind and hydropower in combination with efficient, emission-free operation. A special team has now been assembled at Stena for the exciting task of further development of the STENA ELEKTRA concept from vision to reality, with plans for two vessels to enter service no later than 2030.

STENA FASTIGHETER 40 YEARS

The year was 1981. This was when Stena Fastigheter was founded. The company has grown over the past four decades, from being a property management company to a sustainable urban developer that invests in both people and neighborhoods. In 2021, the company will invest just over SEK 3 billion, contributing with a thousand new homes and hundreds of summer jobs for young people each year.

PLASTIC RECYCLING IN ITALY

A formal decision for Stena Recycling Italy to invest in recycling of plastics from electronic waste at the Angiari plant has now been taken. This is a unique and important development of the Italian recycling system.

NEW BATTERY RECYCLING PLANT

Stena Recycling is investing in a new battery recycling process. The investment involves a brand new facility in Halmstad and will make it possible to recycle 95 per cent of a lithium-ion battery, which is the most common battery used in electric vehicles.

STENA RECYCLING AND BLOMSTERLANDET

In a unique collaboration, Stena Recycling and Blomsterlandet have developed a planting soil made from 100% recycled materials. This autumn,
the product will be sold on a trial basis in selected Blomsterlandet gardening stores.

DIVERSITY AND INCLUSION

Diversity is not only desirable but also absolutely necessary for companies that want to continue to be relevant and successful in the years to come. Stena AB is now beginning a group-wide initiative for diversity issues that covers all aspects of diversity. The initiative is being led by the Stena AB Group's newly established Diversity & Inclusion Council with William Olsson as the sponsor.

U.S. MARITIME ADMINISTRATION

The shipping company Crowley Maritime Corporations has won a tender for services related to the purchase of ships by the U.S. Maritime Administration. Stena RoRo, together with Serco and Life Cycle Engineering, is part of the project team that will be carrying out the assignment. The project will be conducted over a period of several years.

E-FLEXER

Work with creating the most flexible RoPax concept thus far began in 2015, marking the beginning the Stena E-Flexer series, the largest RoPax order any operator had ever placed. The objectives were both to create a design for the best possible flexibility in terms of commercial and operational performance, and above all to create versatility to meet the rapidly growing environmental requirements and needs. These two objectives now go hand in hand.

EXPANSION CONTINUES

Over the past year, Stena Line has expanded in the Baltic Sea, increasing both freight and passenger capacity, to cater for increasing demand of sea transportation in the region. This year Stena Line has already introduced new large and modern ferries on both of their two Latvian routes Nynäshamn-Ventspils and Travemünde-Liepaja. The ferry company has announced that the expansion on the Baltic Sea will continue during 2022, increasing both freight- and passenger capacity. The company has announced that they will deploy their two new 240-meter-long fuel-efficient E-Flexer ferries, on the Nynäshamn-Ventspils next year. Stena Line has also announced plans to increase the capacity on the Karlskrona-Gdynia route with the deployment of the two large and modern ferries Stena Scandica and Stena Baltica.

VACCINATION OPPORTUNITIES OFFERED TO SEAFARERS

Northern Marine welcomes the recent decision by the World Health Organization to recognise seafarers as a priority for vaccinations.

NEW CFO AT CONCORDIA MARITIME

Friday afternoon and we are calling Martin Nerfeldt, newly appointed CFO at Concordia Maritime, who is on his way home from Copenhagen.

Dan Sten Olsson

At Stena, we work with delegated responsibilities and delegated powers. Powers are delegated, but in effect responsibility remains.

GAME ON!

Last year, most of the meetings we previously have had physically were replaced by digital meetings. At the same time, the need for collaboration between companies from different sectors, authorities and universities to find solutions to complex sustainability-challenges and harvesting the rapid technological development increases. The number of meetings may have increased for many of us, but have we been able to keep up the pace of innovation and started new creative partnerships? Have we come out of discussions “realizing that we didn´t know that we did not know”?

STENA LINE ACCELERATES FOSSIL-FREE SHIPPING

Aim to reduce total CO2 emissions by 30 percent until 2030

A UNIQUE COLLABORATIVE PROJECT IN SOCIAL SUSTAINABILITY

With the aim of creating a safe and attractive Tynnered with faith in the future.

ANNIKA HULT - NEW DEPUTY CEO, STENA AB

As of 1 January 2021, Stena AB has a new Deputy CEO and her name is Annika Hult. With wide-ranging experience from various business areas, departments and locations within the Stena AB Group, Annika hopes to bring a profoundly commercial, inclusive and open approach to her new role.

SEAFARER WELLBEING

The health and wellbeing of seafarers has always been of great importance to Northern Marine. With the Covid-19 pandemic continuing to cause considerable strain on seafarers and their families, the support and opportunities available to improve their health and wellbeing have never been more important.

SUCCESSFUL SHIPBUILDING IN CORONA TIMES

Since the outbreak of the corona pandemic, not much has been the same, and the pandemic has caused difficulties in production and deliveries in many industries. It is all the more gratifying to note that shipbuilding under Stena RoRo's management in spite of it all, has gone quite smoothly.

CONCORDIA MARITIME - ANNUAL GENERAL MEETING

On April 28, Concordia Maritime held its annual general meeting. Due to the corona pandemic and to reduce the risk of spreading infection, the meeting was digital and postal voting was implemented.

COLLABORATION ON VEHICLE BATTERIES THAT CREATES BENEFITS AT SEVERAL LEVELS

On April 22, a world-leading system with energy storage for charging vehicles was inaugurated at the hygiene and health company Essity's business center in Mölndal. The project is another example of successful collaboration in which Stena Property and the Stena Recycling company BatteryLoop have worked with the automotive industry, in this case Volvo Cars, to develop a sustainable solution for electricity supply.

STENA OIL'S NEW SHIP EXCEEDS EXPECTATIONS

At the end of February, Stena Oil's new ship the Vingaren arrived at Donsö in the Gothenburg archipelago.

GROUNDBREAKING AND SUSTAINABLE RECYCLING OF HEAT EXCHANGERS

Stena Recycling and Alfa Laval are now launching a groundbreaking business model, based on a so-called take-back system, for sustainable and environmentally efficient recycling of heat exchangers. It enables up to 100 percent metal recycling.

HOW STENA BULK WILL BE CLIMATE NEUTRAL BY 2050

Stena Bulk is already at the forefront in reducing greenhouse gas emissions from shipping. The company is now presenting an ambitious plan in five steps – featuring among other things, collaboration with customers – that will lead to the company becoming entirely climate neutral by 2050.

UNIQUE CIRCULAR SOLUTION

A unique use of complex waste has been developed in collaboration between Stena Aluminium and Stena Recycling. The step from destruction to material
recycling in the waste hierarchy provides a cost- and resource-effective solution for all parties, and for the environment.

STENA RECYCLING - CO2 SAVINGS

Increasing demands to go from just buying new to reuse is a growing market that Stena Recycling wants to take a larger share of. Stena Recycling has tested a concept at Stena Rederi with good results.

STENA METALL GROUP MANAGEMENT TEAM

During the year, two new members are the joining Stena Metall group management team.

FOSSIL FREE SHIPS BEFORE 2030

Ferry company Stena Line plans to start operating two fossil-free battery powered vessels on the route between Gothenburg and Frederikshavn in Denmark no later than 2030. The unique newbuilding project now move from vision to vessel and is a close collaboration between Stena Line and Stena Teknik.

GSB TANKERS MOVES INTO STENA BULK'S OFFICE IN SINGAPORE

At the end of last year, the company GSB Tankers moved into Stena Bulk's office in Suntec Tower in Singapore. GSB Tankers – Golden Stena Baycrest – is a joint venture between Golden-Agri Stena and the Japanese Bay Crest Management, formed in early January 2019.

STEEL-CUTTING FOR FIRST SHIP IN STENA PROMAN FLEET

On January 6, steel-cutting for the first ship in the Stena Proman fleet, the Stena Pro Patria, was carried out at Guangzhou Shipyard International (GSI) in China.

NTEX SWITCHES TO FOSSIL-FREE TRANSPORTS

NTEX, one of Sweden's largest privately owned transport and logistics companies, is now beginning investments in fossil-free vehicles. First out is a fully electric truck from Volvo Trucks that will be used for distribution in the Gothenburg region.

STENA PROPERTY - ENERGY SAVINGS

Just over 10 years ago, Stena Property set a goal of reducing its use of heating, building electricity and water by 20 percent by 2020 for all its property holdings. A goal that has been surpassed!

STENA GROUP IT - GRADUATE PROGRAMME

With the help of a new graduate programme, Stena Group IT will be attracting newly graduated talent from colleges and universities. First out were Lina Asadi and Thimmy Bernvåg, hired as trainees in January of last year. The results have been a real boost both for them and the entire organization.

Dan Sten Olsson

What you most carefully plan rarely materializes in full. What you do not plan for often surprises you off guard. Being prepared for the unknown must be a prerequisite for a good operation. At the moment, since one year, we are in a very special situation.

SPRING, WARM WEATHER AND VACCINE!

It's probably never felt nicer to leave a year behind as when we said goodbye to 2020 on New Year's Eve. It was great to turn the page and now I'm longing for spring, warm weather and vaccine. I long to meet my parents and I long for my husband's family and friends who live in Scotland and England. We haven't met since the autumn of 2019. Before all the rules and recommendations due to Corona and Brexit, it was easy to have family in two countries. Now it has become a challenge.

HOW IS EVERYONE?

The pandemic has affected all of us in many and different ways across the Stena Sphere. And the fact that it now has been going on for a year is very tough. Many challenges follow as a
consequence from the pandemic. Maria Holmberg, HR Director, Stena AB asked the HR Board to comment on the pandemic.

STENA PULSE

Modern leadership, an inclusive culture and strong values ​​create the best conditions for well-functioning teams, high drive and commitment.

WORLD ECONOMIC FORUM 2021

This year’s edition of World Economic Forum in Davos was very different from previous years. The political line-up was stellar, as usual. Key note addresses were made by Xi Jinping, Vladimir Putin, Ursula von der Leyen and many others. This year’s theme was “The great reset”, but the underlying tone was rather “Can we regain trust in our ability to influence our future?”

CONCORDIA MARITIME

The tanker market is still very weak, but Concordia Maritime's President Kim Ullman believes in a gradual strengthening, beginning in the second quarter. Vaccines, stimulus packages and increased optimism are contributing to a global recovery, which will be reflected in oil consumption and demand for tanker transports. Moreover, growth in the fleet is historically low.

THE PROPERTY MANAGEMENT COMPANY OF THE YEAR!

Stena Property has been named property management company of the year for 2020. The prize was awarded during the 'Fastighetsgalan' event at the end of February.

QUARANTINE

When the Covid-19 pandemic first struck, everyone was uncertain as to what might be required to try to maintain the continuity of our operations, particularly given the nature of offshore work and the close proximity of our offshore colleagues to one another while on shift and also when off duty.

LIFE ON THE INSIDE

MANAGING VESSELS IN THE COVID ERA

Technology, increased communication, and vigilance has helped ensure the continued safe and effective management of Northern Marine’s diverse fleet of managed vessels during the challenging Covid-19 era.

UNIQUE FACILITY FOR RECYCLING FLY ASH INAUGURATED

On November 17, Stena Metall, together with Danish Vestforbrænding, inaugurated the world's first full-scale HaloSep plant. The plant converts fly ash from combustion processes into useful resources such as metals and salt, as well as purified fly ash.

GET TO KNOW THE STENA PEOPLE

MALIN MAKES CUSTOMERS, EMPLOYEES AND PARTNERS FEEL COMFORTABLE

STENA RORO AND STENA LOGISTICS

The COVID-19 pandemic is forcing companies to get creative. This autumn, Stena Logistics-owned company NMT International Shipping and Stena RoRo came up with a mutually beneficial solution to put a Stena RoRo vessel to good use on a route from Europe to Africa.

25 YEARS OF SUCCESS

In November Stena Line celebrated the 25th anniversary of the relocation of its ferry services to Belfast (12th November) from Larne in 1995 as well as launching the Holyhead – Dublin route (18th November). During this time, the Irish Sea’s leading ferry company has achieved a number of key milestones including transporting in excess of 45 million passengers, 10 million cars and 10 million freight units.

SALES OF NEW HOMES ARE GOING WELL

Swedes' interest in buying homes has been extremely strong during the ongoing corona pandemic. The number of homes sold is breaking records in 2020, at the same time as the prices of houses and condos have climbed. Sales of the company's newly produced homes have gone very well for Stena Property.

THE VISION BECAME A REALITY

In mid-October, Electrolux together with Stena Recycling presented a vacuum cleaner made entirely from recycled materials and recycled parts. The vacuum cleaner is the result of intensive collaboration within the framework of Stena Recycling's collaboration arena Circular Initiative.

Dan Sten Olsson

Thinking in proportions and act proportionately is what we have been taught and educated to do. A pandemic hits exponentially. That is what makes it so terrible.

TAKE CARE!

Another year has passed, a different kind of year. Covid-19 now has the whole world in its grip and has changed a lot for both people and businesses.

LIVE, ACT AND BEHAVE LIKE A STENA EMPLOYEE

In turbulent times such as these, stability and a sense of community are of utmost importance. At Stena, our governing documents serve as the glue that holds our organisation together, providing a framework to enable us to live and act according to our shared company values.

STENA PROMAN

Stena Proman has finalized an agreement to build an additional vessel under its joint venture partnership. The methanol-powered Stena Prosperous will join the Stena ProPatria and the Stena ProMare in the Proman Stena fleet in H2 2022. Each vessel will use 12,500 tonnes per annum of methanol as a marine fuel, significantly reducing emissions in their normal commercial operations compared to conventional marine fuels.

ENERGY INFRASTRUCTURE PROJECT

Stena Power & LNG Solutions – a Northern Marine Group company – will provide its integrated Jettyless LNG technology to a major energy infrastructure project in southern Vietnam.

CONCORDIA MARITIME IN COPENHAGEN

In January this year, Concordia Maritime opened an office in Copenhagen, centrally located and close to the water, in a cluster of other companies in the shipping industry. CFO Ola Helgesson and Sofia Hjälmdahl, accounting manager, have moved into the office. Opening an office in Copenhagen was prompted by a change in the group structure, and the offices in Bermuda and Switzerland have subsequently been closed.

NEW DEPUTY CEO STENA AB - ANNIKA HULT

1 January 2021 Annika Hult, presently Trade Director Stena Line North Sea, will take up the role as Deputy CEO Stena AB.

SUCCESSFUL BIOFUEL TEST

Stena Bulk has recently conducted a test of ExxonMobil's first marine biofuel. The trial was conducted in commercial operation and included evaluation of onboard fuel storage, as well as handling and use of the fuel in both the main and auxiliary engines. The experiment was very successful and demonstrates yet again the potential of marine biofuel as an alternative to conventional fuels.

COMPLIANCE

Compliance – that is, compliance with laws and regulations – is an important area that affects everyone who works at Stena. It is closely linked to Stena's values and is a part of the company's DNA. There are tremendous benefits in doing the right thing. Through compliance, both competitive advantages and professional pride are created among employees.

BATTERYLOOP

Stena Recycling's subsidiary Batteryloop has quickly taken a place in the electrification of industry and society. The company's solution for creating energy storage plants from recycled batteries is arousing considerable interest. Several business arrangements and collaborative projects have been initiated.

CIRCULAR INITIATIVE

On October 21, some of Sweden's largest companies will once again gather at the Circular Initiative event to drive efforts towards achieving a more circular economy. This year, a major new development will be presented that is the result of innovative collaboration between Electrolux and Stena Recycling.

NEW HR DIRECTOR STENA AB - MARIA HOLMBERG

Maria Holmberg began her duties as the new Director of People and Organizational Excellence for Stena AB on July 1. Maria Holmberg has extensive experience in organizational development and work with corporate culture and leadership, including serving as the HR Manager at Stena Property.

NEW MD STENA ADACTUM - ANDERS WASSBERG

Anders Wassberg became the new president and CEO of Stena Adactum on October 1. He will also be part of the Stena Sphere coordination group.

CORONA PANDEMIC WILL END

Who could have believed that an organism smaller than 200 nanometers in diameter could turn the whole world upside down in less than a couple of months?

A LOOONG-TERM INVESTMENT

In the middle of the ongoing pandemic, ferry company Stena Line started the construction of their two new longer E-Flexer ferries in China as well as started the lengthening of Stena Lagan in Turkey. Both projects shows how Stena Line invests long-term in modernising its large European fleet of ferries. Stena Line has not yet revealed the names or the routes.

STENA RORO INCREASES CAPACITY

The sister ships Stena Lagan and Stena Mersey are being rebuilt by Stena RoRo at the Sedef shipyard in Turkey. The method used to increase the capacity of the vessels is extreme. In addition, the technology and interiors are being upgraded to the benefit of the customer, passengers and the environment.

STENA PROPERTY DOING ITS PART

Covid-19 struck the world with vigor in the spring of 2020. Many of us have had to adapt to this and think along new lines. We asked Stena Property's CEO Cecilia Fasth to look back on the last six months and tell us how the pandemic has affected the company.