Dan Sten Olsson - June 2024

ARE WE IN STEP WITH THE WORLD AROUND US WHEN IT COMES TO PROFESSIONAL BUSINESSMANSHIP AND LEADERSHIP?

We just held our annual general meeting and with good reason celebrated our annual results for 2023. If a company's management relaxes, on the other hand, the competitiveness and vitality gradually disappear. A lot of things happen every year and we have good reason to be grateful.

Our board members feel that a lot has happened during the years they have been participating and contributing. I am grateful for all the support our company management has received and is receiving. Our success is great according to our own opinion, but is it notable when making a wider assessment? This is the question we must constantly ask ourselves.

In soccer, it goes without saying that you start playing in a junior league. If you are successful, you get to play in a higher league next time. The results are clear and the competition is increasing. For our businesses, our ability to perform is not as obvious. If a company is loss-making, you will not be around for very long of course. But how big must our profit be for us to survive in the future? We don’t know for sure, but in steering by objectives at least we know the extent to which we fulfill our ambitions. Do we have sufficient ambition and do we set high enough goals?

Our board members, who see and experience how other companies perform, confirmed at the last board meeting that they think our development is good. The demands put on a company these days are not small. The board has reviewed and established our company policies. Please read them in the fact box.

Reading and understanding our policies is of course good, but complying with them is more difficult and ultimately not enough. I am quite proud of my white book because it seems to inspire many. I feel that the pursuit of continuous improvement as well as the care for ourselves and others move us forward.

The other day I was told that, unlike many large companies, we are not yet stuck in structures and regulatory constraints.

WE ARE STILL CURIOUS

It made me so happy. Care, Innovation and Performance are our core values. But still! It is through our curiosity that we are able to create innovations.

Therefore in the new edition of the White Book, Curiosity has been added as a basis for innovation!

  • Curiosity is a strong desire or drive to discover, explore and learn something new or more.
  • Curiosity is necessary for timely observation of our surroundings and events.
  • Curiosity fosters attentiveness and creative thinking.
  • Curiosity is essential for acquiring knowledge.
  • Curiosity is the gateway to both adaptation as well as initiatives and innovations.

A curious person asks questions, remains open to new perspectives, seeks new knowledge and experiences, and listens to understand rather than to give answers.

Let’s continue to be curious. We are an old company operating in aged industries, but as long as we are curious, we can remain modern and remain winners in the modern competition.

Dan Sten Olsson, CEO

Göteborg, May 2024

GENERAL GROUP POLICIES

  • AI Governance policy
  • Anti-Bribery and Corruption policy
  • Brand and Trademark policy
  • Competition Compliance policy
  • Environment policy
  • Information Security policy
  • People policy
  • Privacy policy
  • Safety and Security policy
  • Sanctions and Export control policy
  • Whistleblower policy

SPECIFIC GROUP POLICIES

  • Finance policy
  • IT Governance policy
  • Pre-Approval policy
  • Tax policy
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WHEN THE DANE CAME TO SWEDEN - AND WHAT WE LEARNED

Summer is just around the corner, marking the beginning of our peak season. At the same time, we are facing a challenging economic situation that affects both us and our guests. It's easy to feel discouraged when the tough challenges pile up, but the beauty of challenges is that they can accelerate positive change through continued development. Resilience, simply put.

In Business Region Denmark, we have historically had strong travel from Sweden to our neighboring country. In 2023, this changed when the weak Swedish krona led to a decrease in Swedish travel. By adapting our timetables to the new travel behavior and investing in collaborations and campaigns to increase awareness of Gothenburg as a destination, we were not only able to compensate for the decreased travel from Sweden. We could even grow, as the increase in travelers from Denmark was so significant. The people of North Jutland opened their eyes to Sweden’s west coast and chose Gothenburg over Copenhagen for their weekend getaways, events, and shopping trips.

I want to thank the organization for the flexibility and goodwill shown during 2023. As we now enter the peak season of 2024, we do so with many lessons learned from the past year. We will retain the Danish travelers and bring back the Swedish ones. We do this through a two-market approach, focusing on destinations on both sides of the strait and collaborating with partners and influencers to spread awareness of the adventures that await just a few hours away by a pleasant sea journey.

I am humble in the face of the new challenges we will undoubtedly encounter. But just think of how much we will learn then.

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STENA FASTIGHETER INCREASING TENANTS' OPTIONS FOR CHARGING THEIR ELECTRIC CARS

SIGNS AGREEMENT WITH GOTHENBURG-BASED CHARGENODE

Stena Fastigheter is continuing to expand its charging infrastructure and has now entered into a partnership with the ChargeNode. Scaling up the charging infrastructure will make it easier to provide charging for the electric cars in our neighborhoods.

“We want to future-proof our neighborhoods by providing good solutions for our tenants,” says Cecilia Fasth, Managing Director and CEO of Stena Fastigheter. “The partnership with ChargeNode enables us to offer even more tenants the opportunity to conveniently charge their electric cars. For us, this is part of making it easier to live and work sustainably.”

“Were very pleased and proud that Stena Fasigheter has chosen ChargeNode as a platform for scaling up its charging infrastructure,” says Kristian Sandahl, CEO of ChargeNode. “This is an important milestone for us and consolidates our position as Swedens leading charging operator.”

Stena Fastigheter will become self-sufficient in electricity, and is making extensive investments in, among other things, solar energy and energy storage. In the long term, the goal is for tenants cars to be able to be charged with self-produced local electricity from
Stena Fastigheter.

BACKGROUND

Stena Fastigheter owns and manages 27,000 rental units and 2,000 premises, all located in and around Sweden’s major cities. ChargeNode is helping to create a complete solution for charging infrastructure, and is now Stena Fastigheter’s sole supplier for charging.

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STENA RECYCLING'S HISTORY CAPTIVATES – AND STRENGTHENS BRAND PRESENCE IN DIGITAL CHANNELS

Stena Recycling is deeply rooted in its history, paving the way for the future. In the brand campaign crafted by the Swedish marketing team for LinkedIn this past spring, the company's rich history unfolds through memories and pictures showcasing Stena´s everyday life over the decades. Among other highlights, the founder Sten Allan Olsson is prominently featured in many of the pictures. To date, the posts have generated over 100,000 views, making this campaign a significant puzzle piece in the company's strategy to continuously enhance brand awareness.

The campaign comprises a series of posts that chronicle Stena Recycling’s extensive and impactful history, spanning from Sten Allan Olsson’s founding of the company in 1939 to the present day. These posts transport us from Sten Allan Olsson’s modest beginnings in his first small office to the establishment of the first scrap yard in Tingstad, highlighting old-time recycling processes and more, while also addressing contemporary issues such as the influence of IT electronics on waste management – and today’s climate focus.

Dan Sten Olsson, CEO of Stena AB, is featured in several of the posts, sparking nostalgic comments and reminiscences from viewers in the comment sections. This serves as a reminder that the core principles of recycling and the values of Sten Allan Olsson remain steadfast. Among the comments are also memories shared by individuals who knew Sten Allan Olsson personally.

Despite our continuous evolution, we remain a privately owned company with the same family ownership, guided by entrepreneurial spirit and a forward-thinking circular vision, remarks Tobias Narvinger, Managing Director at Stena Recycling AB. 

The campaign’s objective is to raise awareness of Stena Recycling as a brand and position the company as a leading advocate for circularity in the future.

The campaign’s success validates our strategic approach, effectively reaching our current and prospective customers on a platform they frequent. Our targeted and data-driven methods ensure we engage with the right audience, aligning with our objectives, says Merlind Hinz, Head of Marketing at Stena Recycling AB.

As we share our story across digital channels, we bridge the past to the present. Our longstanding tradition creates trust which is crucial also for our collaborations outside our traditional core business. We are extending our focus towards services and solutions along our customers’ full value chains, and we believe that our history can help us pave the way for future success as a circular partner, concludes Merlind.

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NORTHERN MARINE AT THE FOREFRONT OF LNG SHIPBUILDING ACTIVITY IN SOUTH KOREA

The delivery of a record number of newbuild Liquified Natural Gas (LNG) carrier vessels is projected to take place in 2024 with South Korea the major hub for development.

Northern Marine has a long history of activity in the country and is currently onsite to support clients with the build and delivery of vessels into the Company’s management.

In late April, the newbuild LNG carrier Orion Spirit was welcomed into management, marking the beginning of service provision to new client Orion Global Transport France (Orion). Orion was founded in 2022 and is building a portfolio of LNG vessels.

The 174,000 cbm vessel was the 500th LNG ship to be built in South Korea with the vessel’s naming ceremony in Geoje attracting special dignitaries including Mr Ahn Duk-geun, Trade, Industry and Energy Minister for South Korea.

Through its subsidiary Tritec Marine, Northern Marine is currently supervising the build of other LNG vessels in South Korea for additional new clients.

Upon delivery, the vessels will receive technical management and crewing services from Northern Marine.

Four of the carriers in development are owned by new client H-Line Shipping with current works including material preparation, sub-assembly construction and pre-outfitting.

Keel laying for the first vessel is scheduled for Q2 which will mark the formal beginning of the construction of the ship.

Ivan Guina, Project Manager, Tritec Marine, is currently overseeing the builds.

He said: “This is a major project with 4 vessels all being built consecutively in close succession in the same yard and I am pleased to inform the process of construction and site supervision is moving as planned.

“Currently the focus is on the steel construction and Factory Acceptance Tests-FAT which is taking most of the site team’s current resources.

“Work on the first vessel began in October last year and that vessel is now in a stage of about 40% completion.

“We are all relishing this challenge and will require to remain very focused as the yard’s construction schedule ramps up as we enter the summer.”

The H-Line project is not to be confused with a one-vessel newbuild project in South Korea by Tritec Marine for new client Hyundai-Glovis. That vessel has recently been launched and will undergo sea trials and gas trials this quarter before coming into Northern Marine’s management in June this year.

FACTS

All four H-Line 174,000 cbm LNG carriers are twin screw with MAN two stroke dual fuel ME-GA engines with EGR (exhaust gas recirculation).

The vessels also have ALS-Air Lubrication System and Air Liquide sub-cooling systems installed.

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SR ENERGY - A TAILWIND JOURNEY TOWARDS THE SUN

Stena's wind power journey began in 2005 with plans to install a wind farm on a pier in Holyhead's harbour on the Welsh coast. Nearly 20 years later, SR Energy is Sweden's largest land-based wind power producer – and now the company is setting course towards the sun.

“At the beginning of the 2000s, when our owner Dan Sten Olsson asked us to evaluate if wind power had a future, we were quite alone in seeing a strong potential. Today, it is obvious that we were right from the start. Wind power is a growing piece of the puzzle in a flexible and smart energy system, and we are perfectly positioned to contribute to the transition,” says Peter Zachrisson, CEO of
SR Energy.

The establishment of the company, initially named Stena Renewable, was entirely in line with Stena’s fundamental values. The shipping operations had already focused on energy efficiency for a long time, and sustainability was an established cornerstone in areas such as Stena Recycling.

“When we didn’t get the permits required for the intended wind farm in Holyhead, we turned our eyes towards Sweden. We bought a few wind turbines to gather knowledge before building our first facilities on land. At that time, they were the largest in Sweden. By today’s standards, they were small,” Peter explains.

“Our philosophy – buy to own – has been a key success factor in our relationship with landowners and municipalities. Many of them already have a relationship with Stena Metall’s recycling operations and know that we share the same long-term values” he continues.

In 2018, Stena Renewable had so many projects underway that Stena decided to bring in other shareholders with the same long-term investment scope. The company also changed its name to SR Energy, which is owned by Stena Adactum and the pension funds AMF, Alecta, and KLP.

“The expanded ownership group gives us even stronger financial muscles and helps us reach the goal to double our energy production every five years. In addition to continued investments in onshore wind power in southern Sweden, we focus on upgrading several of our facilities with solar panels to create hybrid parks. Since all connections are already in place, we utilize the electricity system better,” says Peter.

Since the efficiency, economic viability, and local environmental impact of wind power often are scrutinized in the public debate, it is important to point out that SR Energy is not only Sweden’s largest wind power producer – but also the most profitable.

“We build electricity supply where it is needed, and it is a profitable business for us. The media is often keen on creating stories about local resistance to these projects, but our experience is that the negative voices usually disappear when the wind power is in place. Instead, people in the local communities proudly regard the wind turbines as symbols of their sustainability commitment,” explains Peter.

“Local engagement is also close to our and our owners’ hearts. We hand out Wind Bonuses to clubs and associations in the communities around our wind parks. It’s our way of paying back to the local area. We want to be good citizens and make a difference where we operate,” he concludes.

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EXPLORING BUSINESS OPPORTUNITIES IN LATVIA:

A CONVERSATION WITH PRIME MINISTER EVIKA SILIŅA

In April, there was an exclusive event at the Stena Line head office: a discussion on business opportunities in Latvia together with H.E. Prime Minister of the Republic of Latvia, Mrs. Evika Siliņa. Representatives from the ports of Ventspils, Liepaja, Riga, Stockholm and Gothenburg as well as private companies such as Volvo Cars, Liquid Wind and NTEX explored the thriving business landscape and investment potential in this dynamic Baltic nation. Delegates from the Latvian Government, the Embassy of Latvia in Sweden, and the Investment and Development Agency of Latvia (LIAA) also participated in the event.

Latvia and Sweden have long standing business and trade relations that have developed over many decades, however there is more to explore as Latvia has created an environment for global scale rapid innovations and long-term investments. 

“This seminar was clear evidence of our long-term collaboration with our partners in Latvia and our common objectives for growth, increased regional trade and positive customer experiences”, says Carl-Johan Hellner, Chief Operating Officer Ports & Terminals. 

 Stena Line acquired ferry routes from Latvia to Sweden (Ventspils-Nynäshamn) and from Latvia to Germany (Liepāja-Travemünde) in October 2012. Since then, Stena Line has gradually expanded operations up to 24 weekly trips on the Ventspils-Nynäshamn route and 12 weekly trips on the Liepāja-Travemünde route. Other proof points of investments in the expanding Baltic region are Stena Scandica and Stena Baltica. Both vessels were lengthened and rebuild in 2021 to add another 30% capacity to the busy route between Ventspils in Latvia and Nynäshamn in Sweden. Stena Line has been in this region for 26 years and has transported more than three million passengers across the Baltic Sea!

Delegates from the Latvian Government, the Embassy of Latvia in Sweden, and the Investment and Development Agency of Latvia (LIAA) as well as H.E. Prime minister Evika Siliņa, CEO Stena Line Niclas Mårtensson, COO Ports & Terminals Carl-Johan Hellner, CCO Elisabeth Lönne and Trade Director Baltic Sea North Liene Lemane.

“Our company has very high credibility, which we must safeguard. It is evident that our vision of ‘Connecting Europe for a sustainable future’ resonates with our partners and what they foresee for the future”,
Carl-Johan continues.

Stena Line believes strongly in the financial growth and future of the Baltic region, which is the reason for the added capacity and a new timetable on the Liepaja-Travemünde route in 2022. Stena Line also deployed the brand-new ships Stena Estelle and Stena Ebba on the Karlskrona-Gdynja route in 2022/2023. In addition, business region Baltic Sea North hosted the very first Stena Line Baltic Business conference in Riga 2023, gathering 150 professionals from the transport industry. The conference focused on the long-term development of the freight and passenger transport business in the Baltic and European markets. Last year, Stena Line also acquired the operations of the ferry and RoRo terminal in the Port of Ventspils, Latvia – evidence of the long-term commitment to a strategic site in the Baltic Sea. 

“Our commitment to the Baltic region extends beyond business transactions; it’s about building lasting partnerships. As we navigate an increasingly dynamic landscape, we remain dedicated to supporting innovation, creating value, and contributing to the region’s prosperity. Together, we shape the future of commerce in the Baltic region”, Carl-Johan concludes. 

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STENA EVOLUTION

A MODERN MARITIME JOURNEY CROSSING THE EQUATOR AND ROUNDING THE CAPE

There are few moments that match the significance of a vessel's maiden voyage and in January 2024 Stena Evolution, a state-of-the-art drilling vessel, embarked on a historic voyage that would see her cross the Equator and round the Cape of Good Hope en route to her first campaign in the Gulf of Mexico.

This journey, blending technological prowess with timeless maritime traditions, symbolises the evolution of seafaring in the modern era. As Stena Evolution navigates the vast expanses of the ocean, she will pay homage to centuries-old rituals while showcasing the advancements that have revolutionised maritime travel.

Sailing across the equator and rounding the Cape of Good Hope have been significant maritime milestones throughout history, these nautical endeavours have not only tested the skills and courage of sailors but also given rise to fascinating traditions and rituals that have endured for centuries.

These maritime rituals are steeped in history, lore, and superstition, embodying the spirit of adventure and the challenges of the high seas.

CROSSING THE EQUATOR

Crossing the equator, an imaginary line that divides the Earth into Northern and Southern Hemispheres, is a momentous occasion for sailors, marked by a centuries-old initiation ceremony known as the ‘Line Crossing Ceremony’ or ‘Crossing the line.’ This tradition dates to the days of exploration and has been embraced by merchant navy and maritime cultures worldwide. Crossing this line was once a daunting feat, marking a transition into unknown territories and unpredictable weather patterns.

During the ceremony, sailors who have not crossed the equator before are subjected to a series of humorous and often outrageous initiations by seasoned sailors presided over by the mythical ‘King Neptune’ and his court. These rituals are designed to entertain, bond the crew, and symbolise the transition from inexperienced seafarers to seasoned sailors.

While the Line Crossing Ceremony has evolved over time and varies among different maritime cultures, its purpose remains the same: to foster camaraderie among crew members, instil a sense of unity, and pay homage to the maritime traditions of the past.

ROUNDING THE CAPE

Rounding the Cape, specifically the Cape of Good Hope at the southern tip of Africa, is another significant milestone in maritime history and was the next chapter in Stena Evolution’s journey. Rounding the Cape of Good Hope has long been a challenging feat for sailors. The Cape, notorious for its unpredictable weather, treacherous seas, and strong currents, presented a formidable obstacle during the Age of Exploration.

Sailors faced ferocious winds, towering waves, and the constant threat of shipwreck as they braved the Southern Ocean’s unpredictable conditions. Many ships succumbed to the perils of the Cape, adding to its mystique, and earning it a place in maritime folklore.

Sailors who successfully navigated the Cape were greeted with a sense of accomplishment, as they had conquered one of the most perilous stretches of water on the planet. To commemorate this achievement, sailors often participated in ceremonies and rituals, expressing gratitude for a safe passage.

One tradition associated with rounding the Cape involves offering a libation to ‘King Neptune.’ This symbolic act expresses sailors’ respect for the powerful forces they have encountered and acknowledges their reliance on favourable conditions for a successful journey.

CONCLUSION

The traditions surrounding crossing the equator and rounding the Cape of Good Hope reflect the maritime heritage and camaraderie that have defined seafaring cultures for centuries. These rituals, rooted in history and folklore, not only serve as a source of entertainment but also create lasting bonds among sailors. As technology has transformed navigation and made these journeys less perilous, the traditions associated with these maritime milestones continue to be cherished and passed down from one generation of sailor to the next, preserving the rich heritage of seafaring adventures.

“This adventure, which is the maiden voyage of Stena Evolution, has been successful in terms of the vessel, however also successful in terms of the seafaring crew, Stena Evolution has indeed taken a few novice sailors and made them into seasoned sailors, so there are a few more of ‘us’ and a few less of ‘them’”.

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A FUN AND EFFECTIVE WAY TO DEVELOP YOUR ENGLISH SKILLS

ENGLISH LIVE

English Live is no ordinary learning platform, it is a customized solution developed to make learning both fun and effective. The flexible arrangement where you choose when you want to take your lessons and at what pace you want to make your progress suits almost everyone. Statistics on Stena employee participation show that almost everyone who starts the English training completes it, a good mark for the educational and flexible structure of the tool.

At Stena, communication and collaboration are the keys to success. With an international working environment where English is the common language, feeling comfortable speaking is crucial to ensure that we can deliver excellent customer service. You also need it to build strong collaborations and solve difficult challenges together with your colleagues.

With EF Live, you can improve your general English skills and learn industry-specific vocabulary. Increase your speaking confidence, improve your reading and writing skills and develop your listening comprehension.

HERE’S WHAT TWO OF STENA’S EMPLOYEES SAY AFTER THEY PARTICIPATED IN EF LIVE’S ENGLISH TRAINING

Veronica Lyckarp, receptionist/switchboard, Stena AB

My motivation is to challenge myself and improve my English skills. As I work at the reception and represent the company, having good English skills is important. I feel more confident and professional when handling visitors and answering phone calls.

I think the structure of the course was excellent. It was simple and easy to understand the different sections. My tip, download the EF app on your mobile so you have it with you all the time. The EF App allowed me to take advantage of the moments I had to train during working hours or when I was on the bus home after work.

Monika Kosakowska, Stena Line, Freight Customer Service Team in the South Baltic Region

I just want to be able to communicate better at work and on vacation. Effective communication in English gives me the opportunity to meet many interesting people, I can contact people from different cultures and understand them better. This is also my personal development. I use English in my everyday work. After the training I am more confident when using English, I respond to customer emails more professionally. What I like most about EF course is the 24/7 access, a variety of subject areas, and feedback from the teachers. I think that it is important to set a study schedule and stick to it. It doesn’t have to be many hours a week but learning English requires method.

In 2024, a brand new AI-based English test will be introduced, capable of assessing both reading and listening skills, as well as speaking and writing abilities.

MORE LANGUAGES WITH LANGUAGE LIVE

In 2024, Language Live will be launched, offering not only English training but also the opportunity to develop language skills in French, Spanish, German, Swedish, and Portuguese.

Read more and apply!

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STENA STÅL

FIRST WITH ENVIRONMENTAL DECLARATIONS FOR REUSED BEAMS

Stena Stål has taken another step in their efforts to offer customers sustainable products and services. By providing reliable and comparable information on the environmental impact of products through Environmental Product Declarations (EPD), customers have a solid foundation for activities such as procurement, environmental certifications, and sustainability reports. The offering of EPDs is now extended to include reused beams.

“We are constantly working to reduce our climate impact from a life cycle perspective. A significant part of this involves purchasing steel with lower climate impact. We have now updated the existing EPD for beams, and as a result of resource efficiency and strategic supplier choices, the environmental impact of the beams we offer has decreased from 1,020 kg CO2 eq/ton to 674 kg CO2 eq/ton,” says Niklas Sandberg, Industry Manager for Construction, Stena Stål.

Stena Stål is also presenting the market’s first EPD for reused steel beams. Using reused beams results in a 95% CO2 saving compared to the Swedish National Board of Housing, Building, and Planning’s figures for scrap-based steel, with a value of 53 kg CO2 eq/ton.

“We are proud to be the first player in Sweden to offer reused beams for load-bearing structures in construction. We believe this business will grow in the future as it is a good way to reduce the climate impact in various construction projects,” says Christoffer Muhl Pollari, Specialist in Reuse, Stena Stål.

“EPDs are a valuable and widely accepted tool for assessing environmental impact. An EPD for reused steel for load-bearing structures is seen as an important step in normalizing the use of reused beams,” continues Christoffer Muhl Pollari.

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STENA RECYCLING WINS JEC INNOVATION AWARD 2024 ALONG WITH CETEC PARTNERS

Stena Recycling, in collaboration with Olin Corporation, Vestas Wind Systems, Aarhus University, and the Danish Technological Institute, has been recognized with the 2024 Global Innovation Award by JEC Composites in the Renewable Energies category.

They are rewarded for having developed a solution enabling the recycling of materials from wind turbine blades. Wind turbine blades have previously been challenging to recycle due to the chemical properties of epoxy adhesive, which was once considered impossible to break down into reusable components.

The JEC World Global Innovation Award is a highly prestigious prize in the composite industry, acknowledging the world’s most innovative composite projects and fruitful collaborations across the value chain.

“We are honored to receive this award, recognizing a significant milestone in wind power. In the coming years, thousands of turbines will be decommissioned or upgraded, representing a significant sustainability challenge. We see this solution as a great opportunity to contribute to making an already sustainable solution even more environmentally friendly and circular. We are ready to apply our expertise and knowledge to this process,” says Henrik Grand Petersen, MD of Stena Recycling Denmark.

ABOUT THE CETEC PROJECT

This awarded solution has been developed as part of the CETEC projec (Circular Economy for Thermosets Epoxy Composites), which aims to explore circular technology for turbine blades. The solution is based on an innovative chemical process that breaks down epoxy adhesive into virgin-grade materials, establishing a circular economy for wind turbine blades. This indicates that today’s wind turbine blades can serve as raw materials for future blades and can also be applied to blades currently in operation. Once fully developed, it will eliminate the need for reconfiguration of blades or landfill disposal of epoxy-based blades when they are decommissioned.

“I am so proud of this achievement in our joint project, showing that innovative partnerships lead to new solutions in composite recycling. Within the collaboration with Vestas, we have replicated the CETEC innovation in our own laboratory and are now exploring upscaling. We are excited about how far we have come, and are proud to continue the development,” says Louise Drue Andersen, Wind Segment Manager at Stena Recycling Denmark.

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STENA OIL'S NEW TERMINAL IN FREDERIKSHAVN OFFICIALLY OPENED

On Tuesday, May 14, Stena Oil's new terminal in Frederikshavn was inaugurated. The terminal, which has a capacity of 75,000 cubic meters, is a flexible terminal prepared for the green transition in the marine fuel market going forward.

“We are very pleased to be up and running with operations in Frederikshavn. Our official opening attracted a large number of guests, mostly international customers, which we take as proof that this new setup is right,” says Jonas Persson, MD Stena Oil.

The new terminal complements the operations in Gothenburg and provides an efficient infrastructure. The terminal is designed to handle various types of fuels, and over the year, a newly built bunker vessel will be put into operation, which will also be able to handle several types of fuels including biofuels and methanol. One of the customers that will be served from Frederikshavn is Stena Line with its routes on the Kattegat.

“This is an advanced and flexilble terminal with large capacity. Frederikshavn’s geographical location brings us closer to our customers and allows us to offer even more efficient delivery with environmental benefits and solutions for future fuels,” says Jonas Persson.

This collaboration between Frederikshavn and Stena Oil highlights the city’s importance as a key player in the maritime industry. The Mayor of Frederikshavn, Birgit S. Hansen, officially opened the terminal, together with William Olsson, and she is proud that the terminal is up and running.

”We are very pleased with our collaboration with Stena Oil. The strategic location of Frederikshavn makes the port a maritime hub for both regional and international trade passing through the Kattegat. It has now revealed yet another opportunity: a state-of-the-art bunker terminal,” says Birgit S. Hansen, mayor of Frederikshavn Municipality. 

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GÖTEBORGSVARVET 2024

In a warm and sunny Gothenburg, a total of 165 runners from Stena AB and Stena Metall participated in the half marathon Göteborgsvarvet – a joint investment in wellness!

Stena AB and Stena Metall had a total of seven tents in the corporate village, offering massages before and after the race, as well as coffee, drinks, and freshly grilled hamburgers after the finish line. Despite the challenging race in the heat, it was a fantastic day with a great atmosphere.

Markus Lindbom - Elin Trossholmen - Jacob Wisén

Markus Lindbom, Stena Rederi
Time: 1.43

I enjoy running and do it quite a lot. I have run many Göteborgsvarv, but I’ve never experienced so many people cheering as I did today! Longer races provide a chance to challenge yourself and your own capacity. It’s an opportunity to grow! It was a really fun race, and it’s great that Stena is a part of this community event.

 

Elin Trossholmen, Stena Recycling
Time: 1.36

This is the 13th time I’ve run, and it’s great fun!

I prefer trail running and have run the Lidingö-loppet in Stockholm but also a marathon.

Today, it felt really good to cross the finish line. This was probably one of the toughest races considering the weather and the heat. It’s always enjoyable to hang out in the Stena tent before and after the race as well.

 

Jacob Wisén, Stena Fastigheter
Time: 1.24

I’ve just started running races, and this is my first Göteborgsvarv. My colleague Alex has helped me get started, so it’s a lot of fun. The preparation hasn’t been the best with Covid for two weeks, so I had to lower my expectations, but I took it very easy considering the heat, and it went really well, I think. The massage was the best part of the day!

FUN FACTS

Göteborgsvarvet is a joint investment in wellness for Stena AB and Stena Metall that started in 2009.

Stena participated with runners from 11 different companies within the group. A total of 165 people.

135 hamburgers were grilled and 200 cups of coffee were served.

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NORDIC MARITIME LAW GATHERING

The Nordic Maritime Law Gathering is an annual event that brings together industry experts, researchers, and students who are interested in ocean-related law. The event is organized by the Department of Law at the School of Business, Economics, and Law of Gothenburg University. This year, the event was held on March 7-8, 2024, and marked the third year in a row of its successful organization.

The gathering attracted more than 40 students and academics from the universities of Gothenburg, Stockholm, Lund and Oslo and the BI International Business School in Oslo.

Participants enjoyed an extensive program at Stena AB Group, Mannheimer Swartling, and the Swedish Club. The program included lectures, discussions, and visits to the facilities of these companies. Researchers and students had the opportunity to discuss legal and technical issues with industry experts on-site, and students were allowed to discuss ideas for their master’s thesis projects with participating researchers and industry experts.

At Stena AB Group, Mattias Kjellberg, Contract Manager at Stena RoRo, introduced the participants to the world of contracts in shipping. The lecture was filled with examples from Kjellberg’s everyday business and highlighted the importance of expertise in dealing with complicated large shipping contracts. Filip Feurst, Sustainability Controller at Stena Bulk, introduced the challenges the EU-ETS brings on for the shipping industry, and Örjan Karlsson, Marine Insurance Manager at Stena AB, illustrated the risks associated with marine insurance, using experiences from real life, such as how the situation in the Red Sea affected Stena.

The program at Stena was organized by Lena Alvling, General Manager Marketing & Corporate Events WW, and was well-received by all participants. 

Filip Feurst, Stena Bulk - Örjan Karlsson, Stena AB - Mattias Kjellberg, Stena RoRo - Per Westling, Stena RoRo - Ellen Johanne Eftestøl, Professor in Law, Norwegian Business School

After the visit to Stena, the group visited the law firm Mannheimer Swartling’s offices on the twelfth floor of a building across the street. Alexander Ivarson, Partner at Mannheimer Swartling, introduced the participants to the firm’s business model and how business lawyers work. Mattias Arnesson, Senior Associate, outlined a brand-new case from the Swedish Supreme Court, where the question was ’Who is the Shipowner?’ and made the case understandable to all.

The day ended with an Italian buffet dinner at Malmstensvåningen, the School of Business, Economics, and Law at the University of Gothenburg, which provides a breathtaking view over the beautiful city of Gothenburg.

On Friday morning, the Swedish Club welcomed the participants at their premises. Martin Birgersson, Claims Manager at P&I, gave an inspiring introduction to the Club and the work of the Claims department. He was followed by Aron Leth, Claims Executive, Marine Insurance, who demonstrated how the law applies in action. HR Director Britta Patrikson informed the students about an interesting trainee position in Sweden, confirming the impression that working in international shipping is great, and the Swedish Club has offices worldwide.

After a nice lunch at the club, the program ended with master thesis working groups at the University of Gothenburg. Sustainability and digitalization, insurance, contracts, and arbitration were the topics discussed, which were a direct result of the meetings with the shipping industry and related services. All students were inspired and ensured in their choice of specialization.

Overall, the Nordic Maritime Law Gathering 2024 was a great success and left a lasting impression on all participants.

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STENA GROW ALUMNI REUNION

Stena AB hosted a reunion for Stena GROW Leadership Program in Gothenburg on March 11–12. The event had been in the pipeline for a year by requests from former participants.

The Stena GROW Leadership Program, which was initially started in 2016, underwent an upgrade approximately three years ago, integrating fresh insights into emerging technologies and market trends into the curriculum. Also, an exciting additional exercise was included with a focus on fostering innovation within Stena, reflecting our dedication to staying ahead in a dynamic business landscape.

“The Alumni meet-up served as a valuable opportunity for participants to reconnect, network, and share their experiences. It provided a platform for them to delve into the crucial themes of innovation and curiosity. Through group activities and creative challenges, participants explored innovative solutions and exchanged perspectives, enriching their understanding of Stena’s diverse business domains,” says Linda Mickelson, Stena AB and Janine Sjöö, Stena Line,” who were responsible for the reunion.

At the closing vernissage, the following people participated. From the left; Maria Holmberg, Agneta Kores, Yvonne Rittfeldt, Annika Hult, Peter Claesson and Peter Mikulic. They were impressed by the participants' creativity and ability to collaborate.

A highlight of the event was the capti-vating vernissage, where groups presented their innovative solutions, demonstrating how fresh ideas and perspectives can enhance our daily operations. The enthusiasm and ingenuity showcased during the presentations under-scored the potential within the GROW community.

With a theme centred around innovation and curiosity, the GROW Alumni meet-up witnessed the participation of 50 individuals, each contributing their unique insights and expertise to the discussions and activities.

Hanna Josefsson - Scott Wilson - Julia Kronberg

WHAT DOES PARTICIPATING IN GROW ALUMNI MEAN TO YOU?
Hanna Josefsson
Manager Core Business Solutions Stena Group IT

Being part of Grow Alumni gives me a clear validation of how I have developed over the years. I feel grounded and filled with the realization that I believe in myself. It is so wonderful to see colleagues who have also come out of their shells. We have done it together and everyone has their own journey. I am so grateful for the training, all the challenges, and the support that we have received to become better leaders and people.

 

DID YOU BROADEN YOUR STENA NETWORK THROUGH THE GROW PROGRAM?
Scott Wilson
Warehouse Manager, Stena Drilling:

Stena Grow and Stena Grow Alumni has been an excellent professional experience. It was great to meet so many different people from different facets of Stena. Networking and working alongside some amazing individuals was a real positive.

Since attending Stena Grow Program I have kept in touch quarterly with my “buddy” who is completely different to me and works in a totally different profession within Stena in Gothenburg. She is fantastic, I really enjoy sharing my personal and professional developments with her and look forward to hearing hers. I think it has been an important part of Stena Grow, learning things from her and listening to challenges she faces on a day to day, week to week basis.

 

WILL YOU USE THE KNOWLEDGE FROM THE ALUMNI MEETING IN YOUR DAILY WORK?
Julia Kronberg
Group Marketing & Aquisition Manager Stena Line

Absolutely! Having gained new knowledge in some areas and updates in others, allows me not only to constantly develop myself but also to have tools to develop others.

The Grow Alumni meeting provided me with time for collaboration, reflection, and discussion with others within the Stena sphere, which has given me new perspectives and opportunities to tackle challenges or seize opportunities in more and better ways.

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