Dan Sten Olsson - December 2019

LIVING IN DUALITY WE STRIVE ALONG TO CARE FOR THE BEST PERFORMANCE AND PROFIT SHORT TERM AS WELL AS LONG TERM

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

Stena Line is an important part of European infrastructure, but as an organization we do not organize the door to door cargo shipped by lorries and trailers transported on our ferries. In order to better understand and influence such transports, we have acquired a substantial part of a Swedish road forwarding company named NTEX. The financial result for NTEX is developing well together with increased cargo revenues for Stena Line from their use of our ferries. Our acquisition of a substantial share of NMT, a Dutch forwarder of cars and heavy equipment on wheels, is also generating good financial results and increased revenues for Stena Line. The business of NMT is basically transports overseas but their inter European activities have also generated new rolling cargo for our ferry lines.

Another joint venture with Glovis, a South Korean shipping company specialized in transporting cars and heavy equipment for Hyundai and Kia factories is starting well. Among other things Stena Glovis our joint venture company has already entered contracts generating as much in revenues as MUSD 150 p.a. for Glovis in return cargoes from Europe to Asia. Organizing traffic with the same forwarders as Stena Line, Stena Glovis will and already have generated new traffic for Stena Line.

Co-operation between the new three logistic companies and Stena Line I am sure will be very positive for our future development.

For Stena Recycling we continue to invest in new recycling technologies prioritizing recirculation of plastics. Together with the leading Swedish industries the “Circular Initiative Forum” is established. The purpose is not only to recover more waste. A most important purpose is to enable Swedish industries to technically reuse the recovered materials by new processes. Being very happy with the technical progress by our plant in Halmstad the ‘Stena Nordic Recycling Center’ we are going to use our knowledge to expand in all our home markets. Poland in particular is a market close to our capabilities.

To our fame Stena Recycling was appointed the most sustainable trademark for 2018 in Sweden. Stena Metall AB was also the first Swedish industrial company to issue a green bond during 2018.

For Stena Line digital transformation plays a most important part. One-hundred and forty co-workers work continuously cross-functionally in 40+ projects within five prioritized areas. Stena Line was appointed number three in marketing sophist-ication among all Swedish companies for 2019. Other areas of prioritized interest for Stena Line are projects leading to increased perfection and efficiency.

AI-assisted technology reducing fuel consumption of up to 3% was installed on five vessels in 2019 and will be introduced for the entire fleet in 2020. A number of digitization projects increase efficiency and security in Stena Line’s ports and terminals.

In order to grow our Stena Line business five new ferries are under construction in China. At the same time with the same yard in Weihai Stena Ro-Ro has ordered four ships and chartered them out to Brittany Ferries and DFDS on long term charters. Ro-Ro has ordered four ships and chartered them out to Brittany Ferries and DFDS on long term charters. 

Stena Lagan & Mersey will be modified and extended by 36 meters during 2020 – a capacity increase of 30%.

At last we are enjoying a substantial turnaround for our tanker business. After years with over-supply of tankers, it looks as if there will be a shortage of tonnage for the next eighteen months. With approximately 110 tankers owned or chartered by us there is a chance for Stena Bulk and Concordia Maritime to make substantial profits in 2020. 

Thanks to Northern Marine our operation has a first-class repute among our clients and in the industry. As substantial new legislation applicable to saving the environment and climate is imminent, our presence in industrial forums is important in order to influence the setting to practical and relevant new rules. Stena Teknik is another very important enabler to achieve a first class operation. Our first new building from China the Stena Estrid will consume thirty percent less bunkers than our existing ship the Stena Adventurer on the Dublin to Holyhead route. With ten years charter at hand we signed a new-building contract with GSI shipyard in Guangzhou for two technically advanced tankers to ship methanol in November.  

About MUSD 30 is yearly spent by Northern Marine and Stena Line in training our seafarers.

Despite in principle achieving best in class performance combined with best in class frugality the financial results for Stena Drilling are horrendous. The volume for drilling is going up, but the overhang in supply of drill-ships will last. We are achieving full employment for many of our drill-ships, but the rate of income only covers operating costs with not much to serve our capital costs. Though the going is slow the direction is positive. It will take another two years until all costs for our operation will be covered.

Thirty-eight years ago by investing in real estate we set out to make Stena AB less dependent on marine activities. Our first investment in real estate has been followed by many more. Today our total real estate portfolio amounts to roughly MESK 45,000. With more than 26,000 apartments we continue to build more to the tune of 1,000 per year and we renovate and upgrade close to 1,000 per year. Despite our ongoing expansion we plan to reduce our climate impact with 25% for 2023 and with 50% for 2030. To get help with repair and maintenance and other tasks related to facility management we today employ 350 young people among our tenants during summer season and hope to expand that to 500 people in 2023. Being responsible not only for physical conditions in our real estate areas, but also for safety and favorable social conditions we keep on investing in relationship management and facilitating social structures. Our latest investments are in a school and a community center.   

Our non-marine pieces business today constitutes 58% of totally invested capital for the Sphere companies and 52% of the Stena AB assets.  

Stena Adactum started seventeen years ago. Our wholly owned companies namely Ballingslöv, Blomsterlandet and Envac have together a yearly turnover of about MSEK 7,500. The kitchen manufacturer Ballingslöv has grown so much in size by now that it can be considered a business area in its own right. Including Scandic Hotels, more than MSEK 3,500 are now invested in part-owned companies, where we are the largest shareholder. 

Expected results for 2019 and turnover figures are published on the last outside page of this magazine. Getting close to Christmas I want to thank you all for your valuable contributions during 2019. Our position is in many ways glorious, but financially sensitive. Our culture praises itself for care, innovation and performance along with customer satisfaction and quality. Keeping on being like that is our best guarantee for the future.

Wishing you a Merry Christmas and a Happy New Year!

 

Dan Sten Olsson

Gothenburg 1 December 2019

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PROUD OF STENA!

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

In December of 1831, the Swedish Crown began planting oaks on the island of Visingsö to provide for future shipbuilding for the Swedish fleet. In 1975, the oaks were ready to be felled, but the Secretary of the Navy declined. As we all know, oak is no longer much in demand for building ships. But now we can enjoy Swedish whiskey, for example, stored in oak barrels from these oaks, while we always plant new oaks for the future. 

There are two aspects to the story that are so wonderful. The long-term approach combined with the ability to change and do something better as new knowledge and technology become available. At Stena, we make decisions with a time perspective that extends several decades into the future. Few organizations, or even countries, are presently capable of thinking that far ahead. At the same time, Stena is at the forefront in quickly adopting new technologies and new business models. 

At Stena, we’ve started to use the term Business Technology, rather than the too narrow term IT. Business Technology works well both in gathering information and in creating data for decision-making, but also when we transform organizations using the new tools. For example, we have shown in our Fuel Pilot that Business Technology can be used to reduce fuel consumption through AI, and it can also reduce our dependence on brokers in the tanker industry with the help of Orbit. I don’t think we have any operations at present that do not have a change agenda with technology content. 

One thing I’m really sure about. No one knows which opportunities the new technology will give us over the next 10 years. But I do know that we at Stena have an organization and a culture that can think both long-term and take advantage of the new opportunities created by Business Technology!

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IDEAS FROM COLLEAGUES AND TENANTS ARE IMPORTANT IN CREATING NEIGHBOURHOODS WHERE PEOPLE ARE HAPPY

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

Alex Ostrovskiy is a caretaker at Södervärn in Malmö. His workplace adjoins the square Möllevångstorget, where there are constantly people moving about; during the day with its open-air market and in the evening with its pub and restaurant life. There was previously a recycling shed in the garden where Alex works. A recycling shed that in some ways was lacking. Alex then came up with an idea!

“I saw that there was a room in the basement that we could redo,” says custodian Alex Ostrovskiy. “We previously had recycling in the garden, but this created big problems with rats and unhappy tenants. But I wanted to do it a little differently. I wanted the new recycling room to be like a room to come home to.”

No sooner said than done. Alex took his idea to his bosses, but it didn’t get much support at first. There were already other plans for a new recycling solution at the place where the shed was already standing. But in the end, a decision was made to go with Alex’s idea, which everyone involved is now very pleased with. 

“It’s gratifying to see the results from this year’s tenant survey,” says Malmö administrator Jörgen Klementsson. “Nearly 85 percent of the property’s tenants who responded are satisfied in the “clean and tidy” category. That figure was just over 44 percent in our previous survey. The previous results led us to put extra effort into improvements. Alex’s idea and the work he and his colleagues have put in, have contributed to this positive development.”

Alex Ostrovskiy

IT SHOULD FEEL LIKE COMING HOME

Work on the new recycling room began in February this year. Alex’s thought was that if it feels like home, then everyone will want to keep it clean and tidy.

“Both myself and those I work with wanted to use all our senses when we set up the new room. We wanted a place that smelled good, was clean and tidy and where tenants would be greeted by pleasant sounds when they came in. That’s why we bought air fresheners, fixed the ventilation and then bought a small speaker that plays bird chirps and other sounds from nature, such as the sound of waves lapping on the shore. To make it really feel like home, a colleague and I went to a building supply store where we found some rather expensive paintings but that turned out to be on sale. A real bonus,” Alex says and laughs at the memory. 

When Alex visits the recycling room to make sure everything is in order, it isn’t long before he hears words of appreciation from one of the tenants.

“This has to be Sweden’s nicest recycling room, with birdsong, flowers and paintings,” says tenant Birgitta Bjerring. “It’s freshly painted and it’s clean and tidy.”

Also, on the walls and columns of the new recycling room are hand-painted birds and leaves painted by Alex fellow custodian Peter Prahl.

“It was a good joint effort by our team,” says Alex. “You have to listen and ask questions. Everyone has their strengths and if we put them to use, the results will be good. I really appreciate the help I got from my colleagues on the way. When I came from Russia to Sweden for the sake of love six years ago, I lost my self-confidence for a time. But I’ve had my colleagues who’ve supported me. And now that I feel that I’ve succeeded with this project, I’m no longer afraid of new challenges. The fact that my idea became a reality strengthens me in coming up with new
ideas in the future.”

Only available in Swedish
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THE SENSE OF SECURITY INCREASES AMONG TENANTS IN

LINDÄNGEN AND HERMODSDAL

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

Stena Fastigheter has owned 1,200 apartments in Lindängen and Hermodsdal for the past 25 and 20 years, respectively. In the latest tenant survey conducted by AktivBo, a clear improvement in the results can be seen, both for security and well-being for residents in the neighbourhood. The security index has increased by as much as 6 percentage points since the last survey conducted in 2017. The tenants’ sense of well-being in their blocks and neighbourhood has also increased significantly by 15 percentage points compared to the 2017 survey. 

“We’ve been focusing on capturing the views of our tenants,” says Malmö district manager Jonas Santonsson. “After the last customer survey, we spent many evenings visiting our properties to follow up on the situation and deepen our conversations with our tenants. Those of us working here also participate in security walks during the evenings, and if something extra-ordinary should happen, we have an organisation that can quickly call in tenants and other collaborative partners.”

At the same time, efforts have been made to create an even more pleasant and safer outdoor environment. At Lindängen, for example, new lighting has been installed and active environments for all ages have been created, including a fenced ball arena, outdoor gym, new playgrounds and meeting places where people of different ages can sit and socialise.

“Through our efforts, I hope and believe that our tenants have gained a closer relationship with us, and that they can more easily recognise me, our administrators and our caretakers,” says Jonas Santonsson. “It’s all about relationships.”⁄

People in the picture above.

Michael Nevrin, Amir Behbahanian, Vedat Sejdiu, Nino Rajic, Alve Andersson and Senad Aljija

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FOCUS ON INCREASED TEAM SPIRIT CONTRIBUTED TO

IMPROVED RESULTS

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.

Personnel have 3,000 flats to look after, most of which are located in Fisksätra in Nacka Municipality. In the latest tenant survey in 2017, several tenants told us that they felt unsafe in spaces below ground, such as basements and storage rooms.

“We’ve taken several different measures that have contributed to making tenants feel safer,” says district manager Karin Linander. “Among other things, we’ve painted the floors and walls and assessed the lighting in the corridors leading to the storage rooms. We’ve made sure that our recycling rooms have windows, and in the future, we will also be renovating our garages. In total, the security index has increased by 5.5 percentage points since the last survey.”

 The outdoor environment has also been surveyed with a focus on security and well-being, and among other things, the lighting has been improved. Bushes and trees have been pruned to eliminate dark areas. Children’s playgrounds have been refurbished by painting and replacing swings and climbing frames. At the same time, internal work has been carried out with extra focus on personnel.

“We’ve arranged activities to bring the group together,” says Karin Linander. “We’ve made room for conversation and I see that my colleagues find it fun to go to work. It’s nice to see that we get along so well.”

Overall, the neighbourhoods Öst, Fisksätra, Gustavsberg and Sickla have increased their total service index by 4 percentage points from 74.5 to 78.5.

ABOUT THE SURVEYEvery two years, Stena Fastigheter conducts a tenant survey to find out what tenants want and to learn of their opinions and ideas. The survey is conducted in collaboration with AktivBo. Among the topics surveyed is the service index, where the highest value is 100. Based on the results, action plans for improvements and development for the blocks are drawn up.

People in the picture above.

Top row: Marcus Malmros, Jan-Olof Blomqvist, Mats Söderberg, Karin Linander, Tommy Fahlén
Row 2: Mathias Danielsen, Emil Lilja Obroucka, Branko Banic, Robert Wennerlund, Mikael Fridén
Row 3: Kristina Lagerström, Christer Lind, Adel Zahir Houari, Kenneth Österman
Row 4: Jens Karlberg, Therese Ringbom and Pedja Dejkoski
Missing: Rita Wase, Mikael Olausson and Åke Wessman

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MARKET FINALLY HEATING UP!

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.

All segments are now in a positive trend, comments CEO Kim Ullman in the latest
interim report. 

After several years with a weak market, the turnaround first came in the larger crude oil tanker segments, VLCC, Suexmax and Afromax. Then, after the end of the third quarter, the market also turned sharply upwards within Concordia Maritime’s main segment, MR product tankers. 

“We’re now seeing the positive outcome of the driving forces we’ve been pointing to for quite some time,” says Kim Ullman. “This is all about stable demand for oil, increased American exports and continuously decreasing net growth in the tanker fleet. In parallel, installation of scrubbers on many vessels has reduced the total available fleet.”

Kim Ullman

The upturn has been further strengthened by the tense geopolitical situation. Among other things, this was manifested in the September attack on production facilities in Saudi Arabia and sanctions against both the Chinese shipping company Cosco’s tankers and against vessels loaded in Venezuela during the past year.

While positive market development came too late to significantly affect the figures for the third quarter, CEO Kim Ullman notes the upward trend in freight and is looking forward to the winter market, which is usually strong.

“We have smoothly functioning operations and are well positioned. Moreover, through a recently completed transaction regarding the outsourcing of three P-MAX vessels to a strategically important customer, we’re also securing employment and revenue. It gives us the opportunity to take new positions and further broaden our earning capacity.”

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SUSTAINABILITY IN FOCUS WHEN

STENA ADMINISTRATORS MET

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.

The administrators met at Stena’s headquarters for lunch and lectures by
Emma Aaben from Stena AB and Jessica Lind Petrén from Stena Metall. 

“It was an interesting presentation of how Stena’s companies work with and are influenced by sustainability issues. It also covered the UN’s overall climate goals and sustainability from a global perspective,” says Jeanette Johansson, CEO Secretary at Stena AB, convening for the network meetings.

The day continued at the Thorskog Castle outside Gothenburg where attendees had the opportunity to take a history walk on the grounds and participate in team-building activities that included a music quiz with live music and dinner. 

“One of the purposes of our meetings is to get to know each other better so that we collaborate more efficiently in our day-to-day work,” says Jeanette. “Also important are learning new things by immersing ourselves in current topics and spreading the Stena spirit.”

During the evening, two of the administrators were thanked for their many years of service at Stena – Kerstin Lovén at Stena RoRo and Annika Stjernberg at Fastighetsbolaget Josefina.

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STENA BULK IN NEW JOINT VENTURE – THIS TIME WITH

PROMAN SHIPPING

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.

Collaboration with Proman Shipping is in line with Stena Bulk’s goal to be the industry leader and to be at the forefront in terms of innovation and development.

“This is an important step for Stena Bulk,” says Erik Hånell, CEO of Stena Bulk. “We’ve built our success on close and strong partnerships, and we’re looking forward to sharing our continued success with Proman Shipping as a new partner. We have similar values and goals, and together can contribute to the further development of the industry through innovations that create both efficiency and sustainability.”

PROMAN SHIPPINGBased in Wollerau, Switzerland, provides the Proman industrial group with maritime expertise and transports over the world's seas with its twelve chemical tankers. The Proman Group is a world leader in natural gas related products and services, and the world's second largest producer of methanol. www.proman.org

“For us, this is both a joint venture with a world-leading shipping company as well as an investment in the use of a fuel for shipping that is sustainable and yet does not compromise efficiency,” says Anita Gajadhar, CEO of Proman Shipping. “We’re proud to be partners with Stena Bulk who, like us, is investing in innovation. We’re looking forward to working with them in paving the way for methanol as the fuel of the future.”

MAJOR ENVIRONMENTAL GAINS WITH METHANOLBoth the environment and the climate benefit from the replacement of marine diesel with methanol. Methanol is already contributing to significantly improved local environments by reducing emissions of sulphur oxides by 99%, nitrogen oxides by 60% and particles by 95%. For shipping, methanol also has the advantage that existing cisterns and tanks can be used and that it can be transported like any other fuel.
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THE PORTRAIT - HANNA JOSEFSSON

AT STENA EVERYTHING IS POSSIBLE IF YOU HAVE THE INTEREST AND COMMITMENT

Hanna Josefsson has always liked problem solving and technical challenges. For nearly a year now, she has headed Core Business Solutions at Stena Group IT, which is responsible for the operation and administration of around 100 strategically important business systems within Stena.

At Core Business Solutions, a number of very large maintenance and upgrade projects are currently underway – and it’s like that all the time. By the end of the year, hundreds of older servers will have been replaced with new ones. Alongside this, Stena Line’s financial system JDE will be upgraded, as will Amos, which is Stena Line’s warehouse, purchasing and maintenance system for the ferries. Stena Fastigheter’s major property management system Xpand is an example of a system that is constantly updated at very tight intervals.

“That’s what is so great about working here, that we resolve so many different things all the time,” says Hanna Josefsson. “We have the right skills and knowledge in our group. Some people have worked with JDE at Stena for 15 years, which means experience and domain knowledge that no external consultant could have. A consultant might be skilled in JDE, but not know how everything ties together here at Stena.” 

One of the things she appreciates most about the job is the close contact with all the companies at Stena. 

“My customers are my colleagues in the organization, and being able to help them is a major motivational factor,” she says. “A close relationship with them is also the key to a good delivery. By coming in at an early stage, we can test and set up new environments and integrations, make changes and serve as advisors so that we get solutions that are cost-effective, stable and accessible.”

Since joining Stena ten years ago, she has held several different positions in IT, including as an IT support specialist, application specialist and group manager for purchased systems. In early 2019, she became the head of Core Business Solutions.

“At Stena everything is possible if you have the interest and commitment,” says Hanna Josefsson. “I’ve never been to a workplace where people care so much as here. No one here would leave work if something wasn’t working right and think I’ll deal with it tomorrow’.”

The strong motivation of all staff members is something she wants to utilize as a leader, and mainly sees herself as a facilitator for the group.

“I want my group to have the space and freedom to take the initiatives that lead to finding the best solutions,” she says. “But it’s also important that everyone feels secure and supported if help is needed with something.”

In her spare time, she likes to be out in nature, preferably in the mountains with a fly-fishing rod in hand. Maybe it’s because she grew up in Switzerland, with a view of Mont Blanc from her bedroom window. 

NAMEHanna Josefsson
TITLEManager Core Business Solutions, Stena Group IT
YEARS AT STENA10
AGE41
LIVESOutside Gothenburg
FAMILYHusband and three teenage children
INTERESTSYoga and meditation at least twice weekly, fly fishing and painting, including zentangle and dry pastels

“When I started school in Switzerland, we had just moved there, I was only five years old and could not speak a word of French. But my parents tell me that I kept a stiff upper lip and never complained. And I soon had lots of friends and was the one who got to interpret for my parents,” says Hanna Josefsson with a smile.

It was there she also began painting, a hobby that has endured through the years and which she once considered as a career path.

“It’s important for me to feel good, both through yoga and being creative,” says Hanna Josefsson. “So, when I’m off work, I try not to spend too much time at the computer. I can then work even better when I’m back on the job.”

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STENA HAS A NEW BUSINESS AREA

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.

Stena Logistics, Stena’s new business area, was launched a few months ago. The goal is to be able to offer solutions throughout the freight chain to European customers with rolling goods. This entails both capabilities to attract more cargo to Stena Line’s routes and creating new business opportunities for the future. 

“To ensure that our ferry lines remain profitable in the future, it can be important to have a broader range of solutions for our freight customers,” says Carl-Johan Hagman, CEO, Stena Rederi AB. “Stena Line and Stena RoRo have also made major investments in the form of nine so-called E-Flexer ferries.  We are very pleased with the new vessels and they will make up the core of Stena Line for many decades to come.  But large new investments also mean major commitments and it is now even more important that we remain relevant and profitable in a future that is both changing and uncertain. Our competitors order many and large vessels. It is undoubtedly the case that the transport and logistics market in Europe is consolidating and becoming more integrated. Cargo owners are placing even higher demands on transparency and optimization of their transport chains. This is opening up new business opportunities and we’re taking advantage of them.”

Plans to enter the logistics sector have been around for a long time. But it was a meeting with Korean Hyundai Glovis in Seoul that turned out to be the real starting shot. A few years ago, Stena Bulk was able to provide the ice-classified P-Maxen Stena Polaris on short notice for transport through the Northeast Passage when Hyundai Glovis needed help. 

“Some time later, Hans Nilsson (current head of Stena Glovis) and I returned and met with Hyundai Glovis in South Korea,” says Carl-Johan Hagman. “They thanked us for the help and asked if we could work together in other ways. And thanks to the relationship initiated by Stena Bulk, we were able to do this.”

Hans Nilsson and Seungtai Kim from Hyundai Glovis

The result has been a joint venture – Stena Glovis, – based in Hamburg. The company’s goal is to offer integrated solutions for transoceanic shipping, short sea shipping and inland cargoes for both Hyundai’s own vehicles and other rolling loads on the way in or out of Europe, as well as within Europe.

“Hyundai is the world’s third-largest car manufacturer with a production capacity of 8.5 million cars per year, and the transport and logistics company Hyundai Glovis has 100 car transport vessels for intercontinental transport of RoRo cargo and cars,” says Carl-Johan Hagman. “Stena Glovis now offers 12 departures a month from Europe to Asia, the Middle East, West Africa and the USA.  Next year we expect 15 departures.”

In addition to Stena Glovis, the new logistics initiative also includes the purchase of two established freight forwarding and logistics companies, Swedish NTEX and Dutch NMT, as well as an investment in analytical platforms that create transparency and optimization opportunities. 

“We’ve invested in the Hong Kong-based company Gravity, which develops platform-based, door-to-door solutions, and we also have several of our own projects underway within the framework for Stena Group IT’s SIS department (Stena Intelligence Systems),” Carl-Johan Hagman explains. “The aim is to be able to develop products for our own companies and for commercialization, such as the optimization tool Orbit, developed by Stena Bulk.”

All these parts, Stena Glovis, NTEX, NMT, Gravity and investments in new platforms, together constitute Stena Logistics, which will serve both as support for own operations and as a separate source of revenue.

“The ambition is that in 5-10 years, in addition to Stena Bulk and Stena Line, we will also have the company Stena Logistics, which will generate revenues that are not dependent on capital investments in steel, but rather in people and soft logistics services that create a good balance in our shipping portfolio,” says Carl-Johan Hagman.

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10 FACTS ON WHAT MAKES STENA ESTRID A NEXT GENERATION FERRY

SETTING 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.

The two other Irish Sea E-Flexer sisters, Stena Edda and Stena Embla, will follow during 2020 and 2021 and start operating on the Belfast-Liverpool route. These new vessels will be one of the most advanced and energy efficient vessels in operation, plus, they’ll be larger than regular RoPax vessels. 

“Taking ownership of the Stena Estrid is a major milestone for Stena Line. This is the result of a very significant investment in our Irish Sea operations that reflects our commitment to the region and will ultimately see three of the world’s most modern ferries operating between Ireland and Britain”, said Niclas Mårtensson, CEO at Stena Line, at the blessing ceremony at the shipyard prior to the delivery. Based on over 50 years of experience in ferry operations, the ships have been equipped with several digital features for an enhanced customer experience – as well as the latest environmental and energy-saving technology. Let’s get you caught up on the top ten facts of what truly makes the Stena Estrid a next-generation ferry.

1. LARGE DIMENSIONS
Stena Estrid is bigger and better with more availability per sailing. Stena Estrid is no less than 215 meters long with a freight capacity of 3,100 lane meters and the space to carry 120 cars and 1,000 passengers. 

2. A GREENER SHIP
Incorporating our combined knowledge from ship design and operation since 1962, our next generation ferries are our most fuel-efficient vessels ever. Stena Estrid is equipped with automated waste shuts, biodegradable lubrication oils, LED lighting, solar films on windows and an ocean friendly anti-fouling coating paint. The ship’s energy-saving features and ship recycling facilities support Stena Line’s ambitious sustainability strategy. 

3. DIGITALLY ENHANCED AND SEAMLESS CUSTOMER EXPERIENCE
Stena Estrid is smartly connected for a seamless travel experience. Digital technology is cleverly used for information and entertainment – both for customers and employees. She features two interactive digital experience walls, two self-service payment tills in the shop, and several self-service stations on board for a variety of activities. The menu screens in Taste, Barista and The Bar are connected to a “Hero”-touch screen which allows Stena Line employees to highlight menu items relevant for the customer demographic onboard on each crossing. Moreover, premium lounges will provide a smooth experience to our guests.s

4. SCANDINAVIAN DESIGN
Stena Estrid is a celebration of our Swedish heritage. The look and feel onboard highlights our “Scandi” roots: It’s stylishly modern, light and comfortable. Stena Estrid is spacious, and stylish passenger facilities such as panorama glass windows, the Sky bar, and the Hygge lounge are some of the features that reflect the emphasis on Scandinavian design at its best. 

5. A WELCOMING WORKPLACE
Stena Estrid features modern and improved employee facilities that aim to make staying onboard a great and welcoming experience. Featuring 63 well equipped, ensuite employee cabins with flat screen TVs and with improved employee areas, such as large and upgraded employee quarters, a gym area, as well as a comfortable resting area. These facilities are equipped with digital technology featuring important information relevant to employees, as well as entertainment. 

6. PROVEN STENA LINE CONCEPTS FOR A GREAT EXPERIENCE ONBOARD
Stena Estrid features many proven concepts that aim to ensure a great experience whilst onboard. They are based Stena Line’s most popular concepts, such as the Hygge lounge, Stena Plus Lounge, Freight Drivers’ Lounge, the Movie Lounge, Happy World, Taste Restaurant (with fantastic panoramic views), Barista Café, to mention a few.

7. MAXIMUM EFFICIENCY
Stena Estrid, alongside her sisters, is one of the most energy efficient RoPax in the world per unit carried thanks to her hyper-efficient hull shapes and propeller design. That gives her one of the industry’s lowest carbon footprint per unit carried.

8. FREIGHT CAPACITY EXPANDED
Freight is a very important market sector for Stena Line, which is why Stena Estrid features boost 50% extra freight capacity. With a drive through loading operation, as well as a double-lane discharge we speed up the loading/unloading process per sailing and decrease the turn-around time. Additionally, there are no height restrictions on trucks, which increases the capacity of more cargo per truck.

9. MORE LIGHTS AND WINDOWS
The ship has been designed around the comfort and enjoyment of the passengers, featuring more and larger windows to provide more natural light and better views, reducing thereby the use of onboard electricity.

10. PARK & CAR DECK
Smooth journey guaranteed: Stena Estrid provides easier access from the car deck to passenger facilities. Passenger cars are to 75% on the same enclosed car deck with direct access to passenger lounges/cabins, making it easier and more convenient for our passengers. Moreover, Stena Estrid features two passenger lifts with access to all decks, improving the all-over access to passengers’ facilities.

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SEVEN SHIPS IN PRODUCTION – AT THE SAME TIME!

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.

At present, all of seven ships are in various stages of production. The first ship, the Stena Estrid, was delivered on November 15, and the last one under the current order is scheduled for completion in March of 2023. 

Of the nine ships ordered, five will be delivered to Stena Line, three to Brittany Ferries and one to DFDS. The hull design, which is the same for all, has a hydrodynamically optimal design for the least possible water resistance. Also common to all vessels is the extensive use of digital functions and the latest environmental and energy-saving technology.  The vessels are tailored to customer needs. This entails among other things, that one is equipped with scrubbers, two are equipped for LNG operations, one has ice class 1A and two are to be delivered in an extended version. The DFDS vessel will be used as a day ferry on the Dover-Calais line and thus has no passenger cabins. For Brittany Ferries, longer voyages apply and the vessels are equipped with several cabins, sun decks and more restaurants.

Stena RoRo's team in front of Stena Estrid at the shipyard in China.

“It’s the flexible design that enables considerable opportunities for customization, which is also what distinguishes the E-Flexer solution,” explains Magnus Lander, the project manager for Stena RoRo and who is on site in China at least one week each month. “This flexibility also entails several requirements regarding shipyard customization. As the project manager, much of what I do involves communications between Stena RoRo and the shipyard so that we actually get what we’ve ordered.” 

“We enjoy excellent collaboration with the CMI shipyard, both in terms of development and production,” says Per Westling, CEO for Stena RoRo. “The vessels are characterized by very high standards in terms of technology and environmental performance, and we are very pleased with CMI’s performance in attaining the highest quality.”

On November 15, a ceremony was held at the CMI shipyard to mark the transfer of the Stena Estrid to Stena Line. Along with her sister ships the Stena Edda and the Stena Embla, she will provide service for Stena Line’s operations on the Irish Sea.

PICTURE AT THE TOP

Magnus Lander, Project Manager and Staffan Stenfelt, Newbuilding Manager in a gantry crane 60 metres above ground. If you look closely you can see five vessels in the photo: Stena Estrid (behind the mountain), Cote D ’Opale (blue section at the quay), Stena Edda (in the dock), Stena Embla (in the dock) and Galicia (at the far end of the dock).

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THE CAPTAIN OF THE STENA IMPERO HAS BEEN

AWARDED BY BRITISH ROYALTY

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.

Captain P.G Sunil Kumar was awarded the Merchant Navy Medal for Meritorious Service by HRH The Princess Royal at a ceremony in London on Wednesday 6th November. Nominees for the annual award are selected by the UK Government Department for Transport for their positive contribution to the Merchant Navy or fishing fleets of the United Kingdom. 

On 19th July 2019, the British-flagged, Swedish-owned Stena Impero was seized by
Iranian forces while legitimately transiting the Strait of Hormuz. 

The vessel and crew were forced to sail to Iran where they were held under duress. Seven crew members were released on humanitarian grounds seven weeks later, before the remainder of the crew and vessel were eventually released on 27th September. 

Following receipt of his medal, Capt. Sunil said: “It is a great honour to receive this award from HRH The Princess Royal and from the United Kingdom Government Department for Transport. I accept this on behalf of all my fellow crew members who were with me on the Stena Impero. We were all simply doing our job to the best of our ability during an extremely challenging set of circumstances which were out-with our control. I am personally very proud to continue to serve as a Master Mariner within the British Merchant Navy fleet and for Northern Marine Management.”

Philip Fullerton, Managing Director, Northern Marine Group, joined Sunil at the ceremony in London. He said: “On behalf of all at Northern Marine, I congratulate Captain Sunil on his well-deserved recognition from the UK Department for Transport. 

“Under Captain Sunil’s leadership, the crew of the Stena Impero displayed exceptional conduct and professionalism during a prolonged period of extreme difficulty and uncertainty.”

Erik Hånell, President & CEO, Stena Bulk added: “I am delighted that Captain Sunil has been awarded the British Merchant Navy Medal for his admirable leadership during the detainment of the Stena Impero. 

“The professionalism demonstrated by Captain Sunil during an exceptionally difficult situation is to be commended.”

CAPT. SUNIL’S AWARD CITATION STATED:

“Sunil demonstrated exceptional leadership and professionalism to maintain both the morale of his crew and the integrity of his vessel, even where that put him at significant personal risk.  His exemplary actions are a reminder of the service of Commonwealth citizens in the Merchant Navy today and throughout its history.”

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Stena Leadership Program, Ready 4 Anything

THE NETWORK ALWAYS WINS – THE NETWORKS ARE THE NEW GOLD MINES

Working with networks is an effective way of sharing knowledge and discovering new challenges and opportunities – which is absolutely crucial in an increasingly complex and fast-moving business environment. Through the program The Network Always Wins, which is a part of the leadership program Ready 4 Anything, Stena's leaders gain inspirational and educational insight into the benefits of the network approach.

A virtually gigantic flow of information in combination with a rapidly changing business environment places new demands on the leaders of the future. A good way of quickly acquiring knowledge and discovering new challenges and opportunities is to build, nurture and support new and existing networks. 

“As a leader, this means that you need to become more of an ‘influencer’ and ‘networker’ instead of ‘director’,” says Margareta Jensen Dickson, Group Head of People, Stena Line and one of those responsible for the module. “The title of the course itself says a lot about what it’s about – that it is through working in networks that you best succeed.”

The interactive course, which is divided into four two-hour sessions, is held using the digital tool Zoom. The course can be done from home and the only thing you need is a computer and a link before the training starts.

“Zoom is much like Skype, but more modern and more reliable,” says Margareta Jensen Dickson. “One advantage is that you can divide the group into smaller groups that can work in parallel. You can also present things visually, such as with a digital whiteboard.”

In addition to herself, Karin Gelkén, HR Manager for Stena Line Scandinavia and Claes Berglund, Director of Public Affairs Stena AB, have created the course in collaboration with external training coordinator Lorensbergskonsulterna.

“The idea is that the course should be an injection, fun, inspirational and thought-provoking,” Karin Gelkén. “Compared to the other modules, it’s also a little more easy-going. You can even do it sitting at home on your sofa if you like.”

The first course started in November and will continue until the end of January, but Josefin Södergård, Head of Strategic Capabilities, Stena AB and Janine Sjöö, Head of Employee Experience at Stena Line have already held the first pilot course.

“I became aware of the power of my own network, but also of the importance of maintaining it,” says Josefin Södergård. “In my role, I’m very dependent on the input regarding what is happening outside the company. I enjoy sharing and it also means that I get a lot back.”

Both she and Janine Sjöö warmly recommend the course and hope that more people will discover the benefits of actively networking.  

“Networks provide a gold mine of information, knowledge, different perspectives, energy and opportunities for collaboration,” says Janine Sjöö. “But it does not come free.  You have to nurture and maintain your networks, expand them with new perspectives, knowledge or even new sources of energy. Another nice thing about networks is that they can be utilized both in a job context and privately.”

THE NEW LEADERSHIP PROGRAM READY 4 ANYTHING FURTHER DEVELOPS STENA’S LEADERS FOR THE FUTURE

Leaders at Stena are responsible for further developing the capabilities of their employees, the business and themselves, which requires new skills as the business environment evolves. The new leadership program Ready 4 Anything (R4A) is another step on the road to honing the skills of Stena’s leaders so that they can fully exploit the opportunities of the future. The program is divided into six modules, which are conducted on a continuous basis and addressed to all leaders at Stena.

DON’T MISS OUT!

Modules in Ready 4 Anything that you can sign up for.

Exploring the golden minds 202010-11 March
12-13 May
6-7 October, 2020
Gain or Drain 20205 February
6 May
3 September
Envisioning the Future 202028 January-3 March
5 May-4 June
6 October-3 November
The Network Always Wins 28 February 10-12, 12 March 10-12, 27 March 10-12, 9 April 10-12
8 May 10-12, 19 May 10-12, 5 June 10-12, 15 June 10-12
14 September 10-12, 28 September 10-12, 15 October 10-12, 26 October 10-12
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WELLNESS

GETTING OUT INTO NATURE, PULSE, TECHNIQUE AND ADRENALIN

Robert Ericsson at Stena Group IT does a lot of downhill skiing in the winter, but one spring as the season was drawing to an end, he felt he needed something else. He chose mountain biking (MTB).

Why MTB?

It’s a sport that has it all. Getting out into nature, pulse, technology and adrenaline, and you can choose what you want to focus on. When I was growing up as a teenager in Dalarna we always used to bike in gravel pits, and I’ve always missed it. So it felt natural to get into MTB.

What kind of MTB do you do?

MTB is very broad. From cross country and the Cykelvasan races to pure downhill riding. I seem to have ended up somewhere in between, I’d say. 

Do you practice any other sports?

In addition to skiing, there’s also lots of hockey. Although I played hockey three times a week last season, it was almost like running into a wall the first time I joined a bike group here in Gothenburg. Two hours with maximum heart rate! It took a few days before I was human again, you could say. But you get into it surprisingly fast. When biking in varying terrain, it becomes like an intensive course in interval training. And as we know it, this is what produces the quickest effect on fitness.

How often do you bike?

I am a hobby cyclist but I try to get out 2 to 3 times a week when it isn’t the season for any other sport.

What should you consider if you want to start?

I’d recommend renting a bike the first few times. You then have the opportunity to test a few different bikes and see which form of biking you think is the most fun. That’s how my wife and I started. We booked an MTB weekend at Högbo Brukshotell at the beginning of the year. And it was absolutely fantastic. Since a bike can cost quite a bit, it’s a good idea to rent or borrow one before buying. If you want to ride with family and friends, it’s most fun if you have reasonably similar bikes. And if you want to get out into nature on larger gravel roads and better paths, it’s enough with a bike with front-wheel shock absorbers. But for more muddy terrain, you should invest in a bike with shocks both front and back, which both me and my wife have. Hers is more for cross country riding and mine more for downhill. In other words, she’s faster than me going uphill but I fly past her going down.

Favourite place to ride?

There are lots of good places in Gothenburg. Änggården, Delsjön, Lackarebäck, Sisjön, Hisingsparken and Vättlefjäll are just a few examples. If you like downhill biking, Vallåsen at Hallandsåsens is really good.

Do you compete?

I’ll be in the Cykelvasan race for the first time next year. And I’m thinking about joining the ESS (Enduro Sweden Series) as well. But we’ll see how much time is left over for that. My wife and I are expecting our second child and I suspect there won’t be much time left over for my sports.

NAMERobert Ericsson
TITLEStena Self-Service, Stena Group IT
YEARS AT STENA4
AGE36
FAMILYWife and one child
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JOURNEY TOWARDS INDUSTRY 4.0 BEGINS NOW

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

Industry 4.0 has become something of a buzzword, and companies around the world are working to develop the next generation of industry. In short, it is about automation of production and using data to create a more efficient, safe and flexible workplace. Stena Recycling has also explored the possibilities of further developing production and the first projects are now beginning to be rolled out.

“The digitization and automation trend has now reached the recycling industry,” says Mats Ottosson, Head of Production & Logistics “Stena has created an efficient industrial system in recent years, but we intend to continue to lead development in our industry. For this reason, we’ve begun to concentrate our digital efforts in production of Industry 4.0.

“There’s incredible potential,” says Viktoria Fagerfjäll, Head of Digital Innovation at Stena Metall and responsible for the Industry 4.0 program at Stena Recycling. “Technology development is moving fast and can be a way for us to create more efficient processes and safer workplaces. With the data we collect, we can gain a greater understanding of different parts of the value chain and apply this understanding to become more flexible.”

Stena Recycling has identified six areas to start with. Efforts will be conducted group-wide and the goal is to attain concrete solutions. Three projects have now been started in collaboration with ABB and Combitech. The first is about identifying batteries in electronics. It is presently difficult to detect all batteries, and in the worst case, this can lead to fires.

“This project will solve that problem with a new type of sensor point that can scan materials to see if they contain any batteries. Much like at an airport where they X-ray the luggage,” says Hans Qvirist, Senior Project Manager at Stena Recycling and leading the project during the startup phase.

The second major project is about being able to scan and measure volumes of materials passing on conveyor belts at, for example, the Stena Nordic Recycling Center. If it can be determined in real-time what passes on the conveyer belts, you can find out how the processes perform, and can control and take action based on this. Such a solution could eventually replace the large and expensive belt scales used today.

“There are a few different theories and techniques involved in succeeding with this,” says Hans Qvirist. “One we’re looking at is to combine computer vision with a laser that measures the material on the belt. In this way, we can read how much volume passes per unit of time with greater precision.”

The data collection project, which is the third initiated project, is a little more unclear at present, but Stena Recycling’s organization already generates a lot of data that is not available. As an example, there is a stop time measurement every time a machine stands still.

“We start with an inventory of what we have today and then we have to process everything so that it has the same unit,” says Hans Qvirist. “The idea here, just like with all projects, is that those who work in production should have a tool for doing an even better job.”

Even though the projects are only in the startup phase, it is a big step that the investment has begun.

“We want to take our production into the future,” says Viktoria Fagerfjäll. “This is not something that will be steered from above; the goal instead is to engage all our employees in a transformation to create the recycling operations
of the future.”

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80 YEARS IN BUSINESS

CONGRATULATIONS STENA METALL!

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.

HI THERE, DAN STEN OLSSON!

 

When you look back on Stena Metall’s operations during the company’s first 80 years, what are you most proud of?

“That we’ve managed to maintain our independence and become a leader in all branches of our operations, and that we’ve developed into the largest and best recycling company in the Nordic region, all cate-gories.”

How do you see Stena Metall’s continued journey?

“When I look ahead, I’m very happy that our concepts hold, they’re good, resilient and can be further deve-loped. We have confidence in our customers, in society and in our partners, and we can continue to develop and even expand geographically.”

Picture above

Top first: Kristofer Sundsgård, President, Stena Recycling Group and Anders Jansson, CEO, Stena Metall Group
Top second: Stena Recycling, Hommelvik, Norway
Top third: Stena Recycling, Czerwonak, Poland
Bottom first: Clas Hultqvist, Operative Manager Regions, Stena Recycling AB, and Fredrik Pettersson, President, Stena Recycling AB
Bottom second: Stena Recycling, Älvsjö, Sweden
Bottom third: Stena Components, Nybro, Sweden
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