PROMOTE A GREENER SHIPPING FUTURE WITH ADDITIONAL METHANOL-READY VESSEL

STENA PROMAN

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

The Stena Prosperous will initially be utilised by Stena Bulk within their traded pool of ships for a period of two to three years. The vessel will therefore be the first methanol dual-fuel powered ship traded on the chemicals/CPP market by a conventional shipowner without an active contract to a methanol producer. After this initial period, the Stena Prosperous will then enter into a long-term time charter with Proman Shipping.

Erik Hånell, President and CEO of Stena Bulk said:

“At Stena Bulk we are very satisfied with the development of our Joint Venture with Proman Shipping, adding one more vessel into our joint venture. We see the strength in our joint commitment leading to new and exciting opportunities for us. It is in Stena Bulk’s objectives to contribute to making the shipping industry more sustainable. This joint venture is taking us in that direction with a partner whom we share many values that we believe will develop the shipping industry with new features driving improved performance and efficiency”.

METHANOLMethanol is already available at over 100 ports worldwide, including at all major bunkering hubs. It is a clean burning, safe to carry and fully biodegradable fuel, which provides a reduction in carbon dioxide (CO2) emissions, eliminates sulphur oxide (SOX) and particular matter completely, and cuts nitrogen oxide (NOX) emissions by 60% compared to traditional marine fuels.
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