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.

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.

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.

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.

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.

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.

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

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 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.

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.

THERE IS A LOT INDICATING A STRONG TANKER MARKET IN 2021

The effects of this spring's extensive stockpile of oil will affect the tanker market for the rest of the year. But as the effects fade, there is reason to believe that there will be an increasing demand for tanker transports in line with an increasing consumption of oil. In combination with record-low growth rate in the global tanker fleet, this is expected to lead to a gradually stronger market in 2021.

SWEDEN'S BEST ANNUAL REPORT 2019 IN SMALL CAP

The tanker shipping company Concordia Maritime has been high on the list for a long time with the best annual reports among the stock exchange's smaller companies, and has also won the small company class on a couple of previous occasions.

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.

FLEDGLING STENA GLOVIS

Since its inception just over a year ago, Stena Glovis has already become one of the leading players in Europe when it comes to scheduled service in transoceanic and wheeled cargo operations. Despite the ongoing the Corona pandemic, Stena Glovis is now up to 15 departures monthly.

Dan Sten Olsson

Everything has changed or is about to change with the Corona virus. It is more true this time than many times before.

VR SIMULATOR

A Virtual Reality training simulator created by Aurora Digital Solutions (a Northern Marine Group company), is aiming to better equip seafarers to execute one of the most hazardous vessel operations in the industry.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

CHANGE - WINTER NETWORK MEETING

Winter network meeting 29 January in Gothenburg at Gothia Towers.

STENA FASTIGHETER COLLABORATES WITH VOLVO BUSES AND BATTERYLOOP

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 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.

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.