Dan Sten Olsson - March 2023

THROUGH CONTINUOUS IMPROVEMENTS, WE ARE APPROACHING THE BIG CHANGES

Already in 2005, we decided to invest in wind turbines. Fossil fuels are efficient, but despite all efficiency improvements, they contribute to increasing the CO₂ content in the atmosphere.

Today, our company Scandinavian Renewable Energy operates 201 wind turbines in southern Sweden, which makes us the largest wind power producer in Sweden in terms of turnover. The venture has been made possible thanks to support from institutional investors and our ownership is now reduced to 20%. With 2 TWh of electricity production, we currently appear to be the sixth largest producer of electricity in Sweden. On average, it has taken over ten years to get all permits for wind power and associated power lines in place in our latest projects. Democracy takes time. Of course, it is possible to improve processing times. However, we have respect for the concept of democracy and work intensively to create consensus with the public through responsiveness and improvements. We currently have a project portfolio that could lead to a doubling of our electricity production. Simultaneous investments in solar panels at the same location as the wind turbines, will also increase our electricity production.

All roofs of our properties will have solar panels in the future. This way Stena Fastigheter aims to become self-sufficient in electricity. With the help of AI solutions and several measures, Stena Fastigheter aims to reduce its total climate footprint by 50% by year 2030.

Our ships consume and will continue to consume energy. In relation to the transport work performed, our energy consumption decreases by around 1.5% per year. Changing the energy types from fossil fuel to non-fossil fuel is not easy, but we have some experience. When we were the owners of the Helsingborg-Helsingör route, we enabled electric operation of the ferries. We have introduced methanol as fuel for the Gothenburg-Kiel route. Methanol production based on CO₂ reduction will in the future enable making methanol a green fuel. However, the fuel cost for methanol is roughly double that of diesel.

In order to speed up the transition to renewable fuels in a neutral competition environment, the shipping industry is positive about a carbon dioxide tax for shipping on the condition that the tax income is divided between development support for the industry and subsidizing e.g. the changing of energy production based on coal in developing countries to a more CO₂ neutral production.

For our short routes, Stena Line believes in electricity-powered ships and for our long routes we believe in ships powered by blue or green methanol. There are more fuel options, e.g. hydrogen. As all alternatives involve at least a doubling of our fuel costs, we are cautious about quickly switching to new fuels on a large scale. At the same time, a transition to electric ships means that large investments must be made in the ports we call at. Not only costs but also energy security drive the content of our investments for future fuels. Oil or methane gas will
therefore continue, albeit to a lesser extent, to be shipping
s main fuel for a long time to come.

In order to be at the forefront, Stena Bulk and Northern Marine are now operating four new methanol vessels.

For Stena AB, 2022 has been a good and profitable year. However, depending on the development of the world economy, there are both negative and positive uncertainties in various of our business areas regarding the 2023 results. In order to avoid major uncertainties, the Stena AB group is designed as a conglomerate and has so far coped well with major fluctuations.

Our greatest competitive advantage is our ability to care not only for our customers but also for each other, our suppliers and partners. Thanks to perfect collaborations, we manage to achieve an almost perfect operation. We are very satisfied with our market shares and our collaborations and look to the future with confidence.

A big thank you to all employees and other stakeholders, who made our fine result possible this year.

Dan Sten Olsson, CEO

Göteborg February 2023

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DIVERSITY AND INCLUSION AT STENA

In this section we would like to draw attention to our Diversity and Inclusion work because we want to show the change and work that is being done in the Shipping industry.

Diversity is important because it allows for a wider range of perspectives and experiences to be represented, leading to more creativity, innovation, and problem-solving. It also promotes equality and fairness by ensuring that everyone has an opportunity to participate and contribute, regardless of their background.

We want to introduce Ewa Janik, Port Operations Manager Baltic Sea South, Stena Line Gdynia. She is a role-model and we are happy to have her onboard.

Ewa Janik, Port Operations Manager Baltic Sea South, Stena Line Gdynia.

What did you want to become when you were a kid?

From a very early age I wanted to be a tank commander, I even organised a tank team in a kindergarten where I was a commander. As a teenager I wanted to be a doctor helping people and saving lives like the Flying Doctors in Australia or Africa. Just before I started university I chose maritime instead of medical.

Why did you choose to work within the shipping industry?

Shipping and logistics were a natural direction after the Maritime Academy in Gdynia; living in a port city gives you a lot of opportunities in shipping.

What is your best work-related memory?

Working at Stena Line is very exciting and I have to face new challenges daily, so it would be too hard to pick just one single memory from this amazing time in my professional life.

Who has been your role model?

The first woman in Poland who become a Master Mariner, Danuta Kobylińska-Walas, she was called a Queen of the Seas. I was always impressed by her professional life and the challenges she faced.

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A VIEW FROM

THE WORLD ECONOMIC FORUM 2023

In January, Niclas Mårtensson, CEO Stena Line, represented Stena AB Group at the World Economic Forum in Davos. He tells us more about the event, the discussions that took place, and expected outcomes.

I was delighted to attend this year’s meeting, which brought together political leaders, and key figures from business and civil society. The theme of this year’s event was “Cooperation in a fragmented world” – a topic that provided a rich area of discussion for everyone attending.

As ever, the event in Davos is not a place where decisions are made, but it is where opin-ions and insights are shared with decision-makers. One of the main focuses for this year was to inform the structure of the COP28 agenda – a pivotal point in discussions as poten-tially, it will involve redefining the Paris Agreement’s 1.5°C target.

OCEAN HEALTH MATTERS

Sustainability was very high on the agenda throughout the week’s discussions, and ocean action was a major talking point for us all. There is clearly a growing awareness that mak-ing ocean health a priority will have a positive impact on the planet’s health as well as global sustainable development.

Alongside sustainability, there were key discussions on macro-economics and the issues that are shaping them – from the war in Ukraine to accelerating digital innovation.

DECARBONISING THE SUPPLY CHAIN

Stena AB was invited to the meeting in Davos for discussions on transportation and supply chain. I took part in a panel on ways to decarbonise the supply chain, where we looked at how emerging economies can harness technologies to ensure sustainable movement of goods.

Not only was this an opportunity to meet interesting people and hear different perspec-tives, it’s also an excellent way to place Stena AB in a bigger context. We were able to give our input into important discussions and help put our group on the map. Taking such an ac-tive part in the conversation helps more people understand what we do and the values that drive us.

HIGHLIGHTS OF THE MEETING

I personally found it really valuable to attend the events at Davos. I was glad to be part of a group that gave input into the COP28 agenda, along with fascinating people including US Special Presidential Envoy for Climate, John Kerry; Pakistan’s Federal Minister of Climate Change, Sherry Rehman; and CEO of Nestlé, Ulf Mark Schneider. We also listened to Al Gore, former US Vice President, who is enormously passionate and frustrated by progress on reducing our environmental impact.

We were also able to listen to Olena Zelenska, First Lady of Ukraine, who delivered a special address calling for unity and a need for world leaders to understand that the war in Ukraine is deeply interlinked with other global issues.

To sum up, I would say that my overall impression from the meeting was that while the global community clearly has a lot of challenges ahead, we have lots of reasons to be optimistic. There is still a lot of hope, and there is definitely will to make a positive impact in every area.

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STENA EBBA AND STENA ESTELLE

BOOSTING CAPACITY ON KARLSKRONA-GDYNIA ROUTE

As a response to increased customer demand in the Baltic Sea South region, Stena Line has introduced the two new E-Flexer vessels Stena Estelle and Stena Ebba. Ferries that will connect Southern Sweden and Poland.

Over the past year, Stena Line has done significant investments to modernise the Gdynia-Karlskrona ferry connection. In June 2022, operations were transferred to the new ferry terminal in Gdynia, which allows berthing of 240 m vessels and offers the possibility of developing an intermodal solution, thanks to its proximity to railway tracks. In September, the new E-Flexer Stena Estelle was introduced, followed by her sister vessel Stena Ebba.

MODERNISING OUR FLEET

On 3 September, Stena Estelle was named in Gdynia, by the Deputy Mayor of Gdynia for Economy, Katarzyna Gruszecka-Spychała, the ship’s godmother. The day after, 4 September, Stena Estelle started operation on the Gdynia-Karlskrona route. In the beginning of this year the sister vessel Stena Ebba followed, with her first sailing from Gdynia to Karlskrona 2 January. On 11 January she was named by the godmother Ulrica Messing, the governor of the Blekinge region in Sweden.

The launch of the two new E-Flexers marks a new phase in the development of the Baltic Sea region. Marek Kiersnowski, Trade Director Baltic Sea South at Stena Line says:

“We are pleased to be able to offer our customers the most modern vessels on this market. The modernization of our fleet will enable a significant capacity increase, which is important not only for us and our customers, but also for the entire region and the countries we connect”.

Stena Ebba and Stena Estelle

EXPANDING CAPACITY

Stena Estelle and her sister vessel Stena Ebba are the two largest E-Flexer ferries ever built. At 240 meters in length (36 m longer than standard), they offer 263 cabins, ample space for 1,200 passengers and an overall freight capacity of 3,600 lane meters – 15% more cargo versus current E-Flexers. Loading and unloading are streamlined with a drive-through configuration for both car decks. Like all E-Flexers, Stena Ebba and Stena Estelle have been optimised for maximum efficiency in the design of their hulls, propellers and rudders. They can also be adapted to run on alternative fuels in the future.

A well attended naming ceremony for Stena Estelle in Gdynia. Godmother, on the right in the picture, was Katarzyna Gruszecka-Spychała, Deputy Mayor of Gdynia for Economy.

SUPPORTING EXPANSION

The introduction of the two E-Flexers is a vital part of Stena Line’s strategy for expansion as well as the company’s aim to develop sustainable shipping.

“The southern Baltic Sea is a key region for Stena Line and our route Karlskrona-Gdynia is a backbone for our ambition to grow and expand further. Stena Ebba, together with her sister vessel Stena Estelle, will set new standards of flexibility, service orientation and customer satisfaction. We should all be proud and excited to have Stena Ebba and Stena Estelle connecting some of the most dynamic markets in Europe”, says Niclas Mårtensson, CEO at Stena Line.

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OUR BRAND IS AN ASSET

AND YOU CAN INFLUENCE ITS VALUE

The value of a brand goes way beyond year-to-year revenue and profits. A clear brand positioning and a reputation built over decades is a valuable asset in itself – and all of us who work within the Stena Sphere can help to protect it. In this article, you find a few tips on how you can contribute.

From a personal perspective, evaluating brands is part of our daily lives. We reflexively look at the brand name of a product to help determine its value – and the most valuable brands in the world, such as Apple, Amazon and Google, are estimated to be worth hundreds of billions of dollars.

“It takes a long time to build up the value of a brand, but it can be eroded very quickly. Our brand’s positive recognition depends on that all of us speak and act in a uniform way. We have a good reputation and we want to keep it that way,” says Caroline Jakobsson, Head of Corporate Governance at Stena AB.

Sometimes it only takes one moment to create a brand crisis. One recent example is when a character in a world famous TV-show suffered a fictional heart attack after a session on a popular workout machine. The manufacturer’s share price plummeted – and their sales went down.

An irrational reaction? Absolutely. But still a very good example of how vulnerable a brand image can be in certain circumstances.

At Stena, there are Principles, Convictions and Basic Values (the White book) as well as the Code of Conduct and other policies in place to guide us.

The Stena AB Brand and Trademark Policy, signed by our main owner and CEO Dan Sten Olsson, gives straightforward advice about situations regarding our brand. Basically, the policy is about acting according to the Stena values to build and keep trust and helping to create positive recognition for brands and trademarks within the Stena Sphere.

“We have many well-known and valuable brands within the Sphere; some of them not carrying the ‘Stena’ name. Still, all of them are important assets that must be protected,” Caroline says.

She continues: “Since many of the companies within the Sphere share the name ‘Stena’, how we act in one company may affect another Stena company. If something happens in one of our entities, people may intuitively associate this with a different Stena company because it is present in the eyes or mind of that person.”

Lovisa Andersson, Head of Global Brand and Marketing at Stena Metall, adds:

“Even if we keep the Stena AB and Stena Metall brands apart, we share the same owners, heritage and culture. All of us are ambassadors for Stena and we should be very clear about what we stand for and how this is communicated.”

Lovisa Andersson, Head of Global Brand and Marketing, Stena Metall. Caroline Jakobsson, Head of Corporate Governance at Stena AB. Lena Alvling, Global Head of Corporate Identity at Stena AB.

All communication, big and small, can affect the brands.

“This is especially relevant to consider now when most of us are visible on social media. It is wise to think twice about if and how our working role at Stena is reflected when posting texts and images,” says Lena Alvling, Global Head of Corporate Identity at Stena AB.

Lena continues: “Be loyal to our brand and always remember that it outlines our promise to our customers and what we stand for. We should be good representatives for the brand online and offline.”

It is also up to everyone to react and report if suspected violations or infringements of our brands and trademarks are noted. These trademark violations can appear in different places. A recent digital case involved someone setting up a home page pretending to be Stena Line.

“We have procedures in place to deal with different kinds of infringements. But we need everyone within Stena to be alert and report any misuse of the brand,” Caroline says.

When it comes to the graphic use of the brand, such as logos, headlines and images, the Corporate Identity Manual outlines what is approved.

Good brand management also includes offering employees a safe and inclusive workplace – and making sure that we are an attractive employer for potential new recruits.

“Our culture is in our DNA. It should be so strong that it attracts highly qualified people and creates loyalty. We should know it by heart and make it part of everything we do,” Lovisa says and concludes.

“The ultimate goal of branding and marketing is always to make us stronger, increase our profits or the customers’ willingness to pay for our products and services.”

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SR Energy

IN ONE MINUTE

SR Energy – owned by Stena Adactum, AMF, KLP and Alecta – is a long-term investor in renewable energy.

The company currently owns 201 wind turbines with an annual production of 2 TWh, which corresponds to the domestic electricity needs of the cities of Gothenburg and Malmö.

  • A wind turbine produces electricity when the wind is between 3 m/s and 25 m/s. To reach maximum power, the wind must reach 11 m/s.
  • If the wind exceeds 25 m/s, they are switched off.
  • A Tesla Model 3 could travel around the world approximately 151 times with the energy from one wind turbine running for one month.
  • One revolution of a wind turbine at SR Energy’s Kronoberget wind farm, generates enough energy to fully charge 404 iPhone Xs.
  • SR Energy’s wind power reduces emissions from fossil power generation and cuts CO2 emissions equivalent to those from 300,000 cars.
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NORTHERN MARINE HAS EXPANDED ITS INTERNATIONAL CADET POOL

Future deck officers from Trinidad and Tobago now receiving practical training onboard managed newbuild methanol tankers. The new training partnership with client Proman has seen 7 cadets from the dual-island Caribbean nation enrolled in the programme thus far, with another 5 soon to join as the methanol tanker fleet grows.

In December Proman Stena Bulk announced the delivery of Stena Prosperous, the 4th methanol-fuelled tanker in the joint venture, following Stena Promise, Stena Pro Marine and Stena Pro Patria.

Proman is the leading petrochemical company in Trinidad and Tobago and is committed to creating opportunities to develop young people’s skills and expand the nation’s marine industry expertise.

With onboard mentorship being provided by Northern Marine’s experienced officers, tertiary level formal accreditation from the University of Trinidad and Tobago (UTT) and shoreside support from Clyde Marine Training, the cadets are receiving a well-rounded start to their careers.

Deck Cadet Jared Odain-Samaroo, who describes himself as adventurous, caring and free-spirited, said: “My experience on board thus far has created a stronger connection between the theoretical knowledge I gained at the University and practical insight on how to carry out type-specific tasks on board tanker vessels.”

Students graduating from their respective programmes at the University of Trinidad and Tobago will also obtain a professional Certificate of Competency issued by the Maritime and Coastguard Agency – United Kingdom, enabling them to seek full time employment onboard vessels as a Deck Officer both in the Caribbean and internationally.

Deck Cadet Dylan Williams was already working with a company that specialised in providing energy services to the oil and gas sector when he decided to transition to a career in the maritime field via the UTT programme.

He said: “I have always been interested in the maritime sector from a young age and loved working to support the energy industry. This programme provided a perfect fit for me to contribute further to the sector’s development. I consider this a once-in-a-lifetime opportunity to be aligned with a company that is helping the environment while being on board a vessel that is utilising a cleaner fuel such as methanol.

“The training and experience on board are excellent. I am gaining much insight and knowledge from the officers and crew. One in particular from India is sharing some valuable lessons that I will take with me long after this training.”

Northern Marine’s international cadet pool spans 9 nations and offers the opportunity to earn sea going experience onboard vessels managed by Northern Marine Management.

In 2022, a partnership was also formed with the South African Maritime Training Academy (SAMTRA) in Cape Town to recruit officers and cadets from South Africa onboard Northern Marine’s managed vessels, with 12 cadets enrolled to date.

Both South Africa and Trinidad and Tobago cadet programmes complement long-standing Northern Marine cadet programmes in Europe and Asia.

Northern Marine Group subsidiary Clyde Marine Training is the largest maritime training provider in the UK, providing Cadet Management and Training Management Services to the industry.

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STENA FASTIGHETER NAMED

RESIDENTIAL PROPERTY MANAGEMENT COMPANY OF THE YEAR

In February, large parts of the real estate industry gathered for a real estate gala at Berns Salonger, the classic restaurant and entertainment venue in Stockholm. Lokalguiden and World in Property.

During the gala, awards were presented in categories such as commercial landlord of the year, real estate agency of the year, growth municipality of the year as well as the property management companies of the year, both for commercial and residential properties.

Stena Fastigheter was nominated in two of the award categories. Rozana Eriksson Yevno and Ensar Gigovic were both nominated in the commercial landlord of the year category. Ensar won the award as the commercial landlord of the year 2022. Congratulations!

Stena Fastigheter was one of three finalists in the category residential property management company of the year, along with Sverigehuset and Wallenstam, with Stena Fastigheter coming out on top. The jury motivated their decision as follows:

“The award goes to Stena Fastigheter, which has opened up what is now a hallmark for the entire industry through its 20-year sustainability journey. One of Stena Fastigheter’s most important business goals is to halve its climate impact by 2030, and it is bringing together sustainability with new technology to achieve this in an efficient manner. But Stena is also leading the way in social sustainability with several social projects, and not least through its relationship management that creates safe, stable and pleasant residential environments. The jury believes that it is important with newcomers, but it’s when the older, established players start to move that we see the big differences. Stena is very much a beacon, showing the way forward. Congratulations!”

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TRIKÅFABRIKEN IN MALMÖ NOMINATED FOR

BUILDING OF THE YEAR

Stena Fastigheter's refurbishment of the old tricot factory, Trikåfabriken in Malmö, is one of three projects nominated for the Building of the Year 2023 award by the magazine Byggindustrin.

Building of the Year is the construction industry’s most prestigious competition that aims to highlight all aspects and all participants in a successful construction project. The projects are assessed against five criteria: work environment, sustainability, time/quality/budget, technology/innovation and collaboration.

Trikåfabriken in Malmö is one of three projects nominated by Byggindustrin in the refurbishment category. Together with FOJAB and Servicekuben AB, Stena Fastigheter has created sustainable offices with heart and soul.

The winner will be announced on March 28.

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STENA FASTIGHETER INVESTS IN

ENERGY STORAGE FROM BATTERYLOOP

Stena Fastigheter is making extensive investments in self-generated electricity, among other things to achieve the climate target of halving its carbon footprint by 2030. As a part of this, the company has ordered six BLESS™ I energy storage systems, including service contracts, from BatteryLoop. They will be installed in Gothenburg, Stockholm and Malmö.

“We have ambitious goals to become self-sufficient in self-generated electricity for our properties and tenants, and for us sustainability is a strong driver for innovation,” says Cecilia Fasth, CEO of Stena Fastigheter. “Our new battery storage systems from BatteryLoop will enable us, through modern technology, to store our self-produced electricity, decrease peak power, improve profit-ability and reduce our carbon footprint.”

“We are currently facing major challenges in terms of power shortages and high energy costs,” says BatteryLoop Executive Director Rasmus Bergström. “BatteryLoop’s energy storage systems can provide support both locally for individual properties as well as in balancing the electricity grid, and can thus be part of the solution for the increasing challenges we are facing in the electricity market.”

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PORTAL

ONE TEAM, ONE PLATFORM

Stena Drilling recently launched a new cloud-based platform for internal staff and clients. ‘Portal’ represents the evolution of Stena Drilling’s data strategy, developed in-house over a six-month period in close collaboration with subject matter experts from across the business.

Portals’ purpose is to fulfill the information needs of the business with several embedded services, culminating in a ‘Single Source of Truth’ for operational data. Through these services, our clients and colleagues are empowered with the right information at the right time! Data is critical for success in any organisation. Vast amounts of data are generated during operations, transit, logistics, and vessel maintenance. Data supports informed decision-making, which drives efficiencies and reduces costs. It is important that in data, all can agree on what is correct. Oftentimes, data is replicated in spreadsheets, reports, and other systems. With data replication, which version of data is correct? It is important that everyone has a common understanding of what is true. This is a ‘Single Source of Truth’ (SSoT).

Many businesses expect immediate results from data mining, without first establishing a cohesive data strategy. The ‘data-first’ strategy at Stena Drilling ensures that maximum value can be derived from our digital commodities. We invest considerable time in collating data through manual and automated mechanisms. Despite a successful track record in utilising data, it was understood that an evolution in data architecture would bring immediate value.

This evolution began with a landscape analysis of all software solutions across the digital ecosystem. The evaluation highlighted that several core business systems, we coined Master Systems (responsible for managing ‘Master Data’), required modernisation. Several were replaced to achieve the desired data-driven ecosystem. Immediately, the overall data quality improved, with business rules governing how users create data, and reduced time spent manually entering. Our ‘data-first’ philosophy stipulates that data must be viewed as a highly reusable commodity.

Ensuring all new and existing system vendors provided secure, easy access (data must be accessible) was paramount to achieving our goals. Furthermore, the generated data was increasingly available through sophisticated replication engines with redundancy between offshore and onshore instances.

Following a year-long technology refresh programme, where we replaced legacy systems with future-fit solutions; ecosystem foundations were in place to establish a ‘Single Source of Truth’. This ensures all business stakeholders have secure access to the same, accurate, and up-to-date information, regardless of location. By creating a ‘Single Source of Truth’, we could eliminate confusion between stakeholder groups associated with multiple sources, mitigating errors, and increasing collaboration among team members. For this vision to be realised, modern tooling and approaches were required.

Solutions to create a modern data architecture are constantly evolving. Enterprise Architecture experts recommend that technologies are re-assessed every two years to ensure the ecosystem is ‘future fit’. DigiMAX (the codename for Stena Drilling’s data platform), was built utilising cloud-based technologies. Microsoft’s Azure ‘Platform as a Service (PaaS)’ provides a scalable cost model, enhanced security, and agility. Azure’s development services, with reduced costs and available learning modules, enabled our competencies to grow in conjunction with the delivery of new data-driven products and services.

Coinciding with the establishment of DigiMAX, a Business Intelligence (BI) function was established, focused on standardising automated business reporting and governance. A cross-functional team ensured strategic alignment across all departments. Like many companies, we adopted Power BI, with a user-friendly interface, mobile access, and integration to other services, such as Power Automate; it enabled us to deliver contextualised reports like never before!

For Portal to succeed, strong data foundations
must first be in place.

With the introduction of Power BI and a dedicated ‘data-first’ team, colleagues and clients naturally began requesting more complex reporting and analyses. Many of these requirements were delivered as new Power BI reports or added to those already being used; in-line with our agile approach to service delivery. Whilst extremely useful, Power BI visualisations could not deliver on several strategic initiatives focusing on a ‘data-first’ approach to improving performance and remote operation monitoring. The foundations of the data platform were in place; however, it was clear that an information gap still existed.

Alternate solutions with a direct link to DigiMAX would be required to fill this gap.  We have a proven track record of developing and delivering software solutions at Stena Drilling. During the technology refresh programme, we introduced Care Observations, the digitised entry point for over 350,000 fleet-wide observations annually, and, more recently, Innovation Hub. ‘Portal’ is our third software solution and encompasses all the learnings from the last three years.

It is widely accepted that a more connected business is a better business, and a platform such as Portal enables this vision to be realised. Launched at the beginning of 2023, all Stena Drilling employees now have access to Portal. The embedded information is continuously updated from real-time sources as new data becomes available within DigiMAX. It enables those in operational roles to always keep a “finger on the pulse”, a level of awareness that has historically been challenging to deliver.

Power BI reports have been moved from siloed repositories to ‘Portal’, enabling business users to view what reports exist in a ‘one-stop-shop’ and request access if the content would benefit their role. Most of the content within Portal is open to “general” users by default. We believe that data transparency drives efficient business practices and stimulates innovation. Portal was created to aid the business in becoming increasingly transparent with performance data. As a result of greater transparency and awareness of shared goals, new ideas to improve outcomes have been identified whilst also building trust that performance is being evaluated fairly between crews, teams, and vessels.

PORTAL

Portal has been designed as a ‘white label’ solution.
This means any company can pick up a licence!

Does your business use Power BI?
Do you want to maximise the value of your data?

For more information about Portal, get in touch!

ONE TEAM, ONE PLATFORM


FOR BUSINESSES JUST STARTING THEIR ENTERPRISE DATA JOURNEY, HERE ARE A FEW TIPS:

  • Customer first! Always listen to your customers’ needs to deliver the best results.
  • Create and own your data strategy.
  • Continuously re-invent your data architecture. Be future-fit!
  • Cross-functional teams enhance collaboration.
  • Continuous learning. Data literacy is a core competence for modern employers.

The launch of Portal is just the beginning; this is an evolving platform built on strong data foundations. With the introduction of components such as ‘digital twin’ and ‘dashboard marketplace’, Portal will continue to enable Stena Drilling in becoming a connected, data-driven business.

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STENA NORDICA GAINS

INCREASED PASSENGER CAPACITY

Stena RoRo is now modifying the ferry Stena Nordica at the Remontowa shipyard in Gdansk, Poland. Stena Line is the client, and the aim is to increase the maximum number of passengers on board. Work began in early January with estimated delivery from the shipyard in mid-March. This summer, the ferry will enter service in the southern Irish Sea corridor between Fishguard and Rosslare.

Before modification, the onboard capacity was 450 people (of which 400 were passengers). The capacity is now increasing to 700 people on board (of which 650 will be passengers).

TWO MAJOR CHANGES ARE BEING IMPLEMENTED:

  • With more passengers on board, there will be more weight high up in the ship, which means increased stability requirements. These have been met by constructing a “duck tail” on and under the transom, thereby increasing the ship’s stability
  • A new steel structure has been built on top of the helipad on deck 6. In the 455 m2 space, new public areas will be built, including two movie Lounges, a “hygge” lounge and a Stena Plus lounge. On deck 4, a restaurant has been fitted out according to a new concept. The shop and reception area have been adapted to the current design profile.

“The modifications entail an increased weight of 270 tonnes,” says Stena RoRo project manager Johan Kippel. “And to compensate for the increased weight, the draft has been increased by 15 cm. This in turn, has the effect that the ship can take on an additional 240 tonnes. In parallel with the project, Stena Line has carried out periodic maintenance with, among other things, a major assessment of the cargo handling equipment.”

A new steel structure has been built on top of the helipad. Tomasz Piatek, Project Engineer Electrical, Gert Knudsen, Interior Supervisor, Johan Kippel, Project Manager, Filip Arnerius, Site Manager, Josefin Stålhammar, Stena Line Superintendent Dockings and Projects.

The project is being carried out in collaboration with Stena Line and Stena Teknik, which has provided the technical expertise. Stena RoRo is carrying out the actual modifications and is on site in Gdansk with a team of five people.

“We are very pleased with the modifications and implementation at the shipyard in Gdansk, both in terms of collaboration and time frames, as well as the technology,” says Johan Kippel, who is frequently on site at the shipyard.

Stena Nordica is a medium-sized RoPax ferry, built in 2000 by the Japanese Mitsubishi Heavy Industries.

She has been in service for Stena Line between Karlskrona and Gdynia and previously on the Irish Sea between Holyhead and Dublin. The Stena Nordica is 170 meters long and 26 meters wide.

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STENA ALUMINIUM JOINS

POLESTAR 0 PROJECT

Stena Aluminium has signed an agreement to join the Polestar 0 project as a development partner. The Polestar 0 project aims to create a completely climate-neutral car by 2030, which means that all sources of carbon emissions throughout the supply chain must be eliminated. As partners, Stena Aluminium and Polestar will develop a commercially viable recycled aluminium alloy produced without carbon emissions.

Already today the alloys produced by Stena Aluminium has a low carbon footprint with an average of 0.7 tonnes of carbon emissions per tonne of aluminium produced. The aim with the partnership is to be able to produce an alloy with zero carbon footprint, which Polestar can use in the production of a completely climate neutral car.

“The Polestar 0 project is in line with Stena’s ambitions and strategies within sustainability. It’s of great advantage that Stena and Polestar as well as other partners co-operate in our common efforts to eliminate carbon emissions. Since our aim is to find climate neutral ways to produce a product, it’s likely that more partners will be engaged. The emissions do not only stem from the processes of Stena but also earlier in the supply chain,” says Erik Petré, Head of sales and purchasing at Stena Aluminium.

“The Polestar 0 project is all about pushing the boundaries of sustainable transportation, and we are constantly on the lookout for partners who share our vision and commitment to this goal. That is why we are happy to welcome Stena Aluminium as a new partner on this project. Their knowledge in recycled aluminium is an important factor in ensuring that materials can be reused, making them a great fit for the Polestar 0 project as we work towards our goal of reducing greenhouse gases to zero,” says Hans Pehrson, Head of the Polestar 0 project.

Read more about the Polestar 0 project here.

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STENA STÅL AND SSAB PARTNER UP TO PROVIDE

FOSSIL-FREE STEEL TO THE NORDIC MARKET

SSAB has entered into an agreement with the Swedish steel distributor Stena Stål under which Stena Stål will be the first external distributor to deliver fossil-free steel on the Swedish market, starting in 2026.

The Nordic steel market is diverse and a lot of business goes through distributors to small and medium-sized companies. Now, that Stena Stål has signed a letter of intent with SSAB, another link in the value chain has been added for the future fossil-free steel market.

“I am happy to welcome Stena Stål as a fossil-free steel partner. Together, we are contributing to reduced carbon dioxide emissions when we will introducing fossil-free steel to the Swedish market,” says Matts Nilsson, Head of Sales Sweden & Norway at SSAB. “We are together building fossil-free value chains all the way to the end customer.”

“For us at Stena Stål, fossil-free steel is central to our journey towards sustainable steel distribution. This is very important for our customers, and we aim to reduce our CO₂ footprint by 50% already by 2030 and by 100% in 2045. We are very happy about this partnership as we take important steps towards a fossil-free future,” says Stefan Svensson, MD at Stena Stål AB.

SSAB plans to revolutionize the entire steelmaking process, aiming to deliver fossil-free steel to the market at a commercial scale during 2026 and to largely eliminate carbon dioxide emissions from our own operations in around 2030. SSAB works with iron ore producer LKAB and energy company Vattenfall as part of the HYBRIT initiative to develop a value chain for fossil-free iron- and steel production, replacing the coking coal traditionally used for iron ore-based steelmaking with fossil-free electricity and hydrogen.

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