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Stena Drilling cancels newbuilding construction contract for semi-sub Stena MidMAX

Press information | 1:st of June 2017

Stena Atlantic Ltd, an affiliate of Stena Drilling Ltd, has today notified the Korean shipbuilder, Samsung Heavy Industries Co Ltd (SHI), that it has exercised its right to cancel their contract for the construction of “Stena MidMAX”, a dynamically positioned harsh environment semisubmersible drilling unit.

The rig was ordered in June 2013 with a delivery date in March 2016. SHI has, however, been unable to complete and deliver the unit within the contractually agreed timeframe.

Under the contract terms, Stena Atlantic is entitled to reimbursement of $215.4 million in pre-delivery instalments paid to SHI, plus accrued interest. Stena Atlantic is also intending to pursue claims for compensation in respect of its costs incurred in relation to the project.

Stena signs contract for four new RoPax ferries

Press information | 5:th of April 2016

- Will be the most fuel efficient ferries in the world

Stena has signed a contract, subject to Board approval by the end of April, for an order of four new RoPax ferries with planned delivery during 2019 and 2020, with an option for another four vessels. The vessels will be optimized for efficiency and flexibility and will be built by AVIC Shipyard in China. The intention is that the four initial vessels will be used within Stena Lines route network in Northern Europe.

“We are very pleased that Stena have signed a contract for four vessels with an option for another four. During the course of the past 24 months our engineering staff has managed to develop a design that is not only 50% larger than today’s standard RoPax vessels, but more importantly, incorporates the emission reduction and efficiency initiatives that have been developed throughout the Stena Group during the past years. These ships will be the most fuel efficient ferries in the world and will set a new industry standard when it comes to operational performance, emissions and cost competitiveness, positioning Stena Line to support its customers in the next decades”, says Carl-Johan Hagman, Managing Director of Stena Line.

The vessels will have a capacity of more than 3 000 lane meters in a drive-through configuration and will accommodate about 1 000 passengers and offer a full range of passenger services. The main engines will be “gas ready”, prepared to be fueled by either methanol or LNG.

“With this investment we are building on our successful RoPax concept mixing freight and passengers. Through standardization we secure a reliable operation and through flexibility we can provide an even better support to our customers and help them to grow”, says Carl-Johan Hagman.

“We foresee a continued demand growth for short sea services in Northern Europe and in many other parts of the world. Ferry transportation will play an essential part in shaping tomorrow’s logistics infrastructure if we are to have sustainable societies. Not only is transportation on sea the most environmentally efficient way of moving goods, it is also infrastructure that provides reliable and speedy logistics with very limited public cost. Through this investment we prepare Stena Line for further growth”, says Dan Sten Olsson, Chairman in Stena Line.

Stena Line, Gothenburg, 5 April 2016

For more information, please contact Jesper Waltersson, Press & Media Relations Manager, +46 (0)704 85 85 32.

About Stena Line
Stena Line is one of Europe's leading ferry companies with 35 vessels and 22 routes in Northern Europe. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company is family-owned, was founded in 1962 and is headquartered in Gothenburg. Stena Line is part of the Stena Sphere, which has about 20 500 employees and an annual turnover of over 50 billion SEK.

Stena Line Continues to Invest in its Fleet

Stena Line | Wed, Jan 2016 09:14 GMT

For the first time ever this week, Rosslare Europort had three vessels from the one ferry company at the same time and it definitely provided an impressive sight.

Ian Davies, Route Manager, Irish Sea South, Stena Line, said: “The Stena Europe, Stena Horizon and Stena Flavia took over three berths of Rosslare Europort this week as we prepare for the £4.4m refit of our Irish Sea fleet. The Stena Flavia arrived in port on Tuesday January 12 to provide cover for the Stena Horizon on the Rosslare to Cherbourg route which has now sailed to Harland and Wolff in Belfast for its annual refit.

Over the next two months, seven Stena Line vessels, will visit Harland & Wolff in Belfast on a carefully sequenced timetable to facilitate a range of specialist works including annual inspections, passenger facility upgrade work as well as ongoing technical enhancements.

”Our refits are very important to ensuring the smooth, safe and reliable running of our expanding fleet of ships. The decision to place the majority of our refit contract work with a UK company (Harland and Wolff, Belfast) allows us to play our part in helping to support indigineous businesses,” Ian continued

The Stena Flavia has already began sailing on the Rosslare to Cherbourg route replacing Stena Horizon, until March 6.

The Stena Horizon has been at Harland and Wolff since Jan 14 until Jan 28, after which she will cover the Dublin to Holyhead route in place of the Stena Superfast X and Stena Adventurer dockings, until approximately March 6.

The Stena Horizon has been at Harland and Wolff since Jan 14 until Jan 28, after which she will cover the Dublin to Holyhead route in place of the Stena Superfast X and Stena Adventurer dockings, until approximately March 6.

When the Stena Horizon arrives in Dublin, Stena Superfast X will leave for Belfast for an inwater survey and then cover the refits of both the Stena Superfast VII and Stena Superfast VIII, returning to Holyhead on 16th Feb.

Stena Europe will be the only vessel in the fleet not visiting Harland and Wolff, instead she will be visiting A&P Falmouth from 16th February 16 to March 5.

Stena Line operates the biggest fleet and the widest choice of routes between Ireland and Britain with an extensive route network including Belfast to Cairnryan, Belfast to Liverpool, Belfast to Heysham, Dublin Port to Holyhead and Rosslare to Fishguard.

Stena Bulk invests in more IMOIIMAX tankers

Tue, Nov 24, 2015 13:37 CET

Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME*) in Guangzhou. It has also taken out an option on a further two vessels. The total value of the order is USD 200 million. The first delivery is planned for the end of 2017 after which the vessels will be delivered at 3-monthly intervals.

Stena Bulk has placed an order for three 50,000 dwt IMOIIMAX MR tankers with the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME*) in Guangzhou. It has also taken out an option on a further two vessels. The total value of the order is USD 200 million. The first delivery is planned for the end of 2017 after which the vessels will be delivered at 3-monthly intervals.

The vessels now ordered are of the same type as the ten chemical and product tankers ordered by Stena Bulk in 2012 from the same shipyard, the first four of which were delivered earlier this year. All the IMOIIMAX tankers will be deployed in Stena Weco’s global logistic system, which currently employs more than 60 vessels.

www.stenaweco.com

“We are very satisfied with the performance of the IMOIIMAX tankers and are thus adding to this part of our fleet still further. With their greater efficiency as regards fuel consumption and cargo, these vessels are also environmentally superior compared to many other vessels in their class, which, of course, is a major advantage. Commercially, they are a good complement to our fleet”, says Erik Hånell, CEO of Stena Bulk.

Four of the ten vessels ordered earlier – the Stena Impression, Stena Image, Stena Imperial and Stena Important – were delivered this year and the remaining six vessels will be delivered by 2017. Of the ten IMOIIMAX tankers, one is wholly owned by Stena Bulk, six are owned together with GAR (Golden Agri Resources), two are owned by the sister company Concordia Maritime and one is wholly owned by Stena Weco.

The IMOIIMAX concept is a further development of a well-established and successful concept offering extra high cargo flexibility and even lower fuel consumption. Stena Teknik, together with the shipyard GSI, was responsible for the technical development of the IMOIIMAX concept. The IMOIIMAX tankers have 18 tanks enabling them to transport both vegetable oils and chemicals such as petroleum products.

*CSSC OME was formerly GSI (Guangzhou Shipyard International)

For further information, contact:

Erik Hånell
President & CEO
Stena Bulk AB
Mobile: +46 704 855 002
erik.hanell@stenabulk.com

With offices in six countries, Stena Bulk is one of the world’s leading tanker shipping companies. The company controls a combined fleet of around 115 tankers. Stena Bulk is part of the Stena Sphere, which has more than 20,000 employees and sales of SEK 60 billion. www.stenabulk.com

Belfast key to Stena Line success

Nov 12, 2015 09:36 GMT

Twenty years on from setting up its ferry services in Belfast, Stena Line is set to make 2015 its busiest year to date for car and freight numbers. In the two decades since it moved to Belfast, Stena Line has expanded its services significantly and today the company employs over 900 staff, transports 1.4 million passengers, 318 000 cars and almost 500 000 freight units annually.

When the Irish Sea’s leading ferry company established its Belfast operation on 12th November 1995, it operated three ferries to one port in Scotland. Today, that service has expanded to seven vessels operating year round services to Cairnryan, Birkenhead (Liverpool) and Heysham with a mix of freight and leisure traffic.

Stena Line has delivered some impressive numbers on its Belfast services over the last two decades including transporting 26 million passengers, 5.5 million cars and over 4 million freight units. But as Route Manager (Irish Sea North) Paul Grant states, behind the numbers it’s the quality and reliability of the service that has been the hallmark of Stena Line’s successful Belfast operation, commenting: “The opportunity to develop a significant presence in Belfast was always going to be based on how well we developed our customer offering. Today our modern fleet offers a range of quality facilities have helped to set the standard for travel on the Irish Sea including Spa facilities, exclusive Plus lounges, family suites and dedicated Freight Driver lounges. When these facilities are back up by award winning crews and market leading punctuality and reliability figures, the next two decades look equally as exciting.”

Stena Line has also taken a positive view of the development of the local economy over the last two decades. Hans Nilsson, Stena Line’s Chief Operating Officer (COO) said: ”Stena Line and the Stena Group are long term supporters of Belfast. Over the last two decades alone, working in partnership with Belfast Harbour, we have invested over £330 million in establishing and developing our services to and from Belfast. In fact this week we will have an eighth Stena vessel in Belfast with the 117 000 ton ice-breaker series Stena Arctica undergoing a major refit at Harland & Wolff, further testimony of support for and confidence in the local Northern Ireland economy.”

Stena Line‘s Irish Sea North region has experienced a number of notable milestones over the last two decades including the construction of a new £35 million VT4 terminal in Belfast in 2008 and in 2011 the company established a new port and terminal facility at Loch Ryan Port (Cairnryan) adding two award winning Superfast vessels. In the same year it also acquired the Belfast-Liverpool/Heysham routes from DFDS.

NOTE TO EDITOR: For further information please contact Lawrence Duffy of Duffy Rafferty Communications on Belfast (028) 9073 0880.

Stena Line operates the biggest fleet and the widest choice of routes between Ireland and Britain with an extensive route network including Belfast to Cairnryan, Belfast to Liverpool, Belfast to Heysham, Dublin Port to Holyhead and Rosslare to Fishguard.

Stena Fastigheter construct 63 new apartments on Dragörkajen in Malmö

Stena Fastigheter - 2015-08-20 15:25 CEST

Stena Fastigheter has been granted permission to construct a new housing complex on Dragörkajen in Limhamn, Malmö. In addition to the main residential building, which houses 63 rental units, two lower two-storey buildings will also be erected, with commercial premises on the ground floor and apartments on top. Great emphasis is placed on energy and environmental issues and the houses are environmentally classified according to the Swedish “Green Building Silver”.

Construction start is planned in October 2015, with occupancy starting in autumn 2017. The apartments will have two or three rooms plus kitchen and are distributed via Boplats Syd.

- On Dragörkajen, we can offer an accommodation in the best location, directly at the waterfron in Limhamn. The apartments will have a brilliant view over the Öresund strait, says Unni Sollbe, President of Stena Fastigheter Malmö.

- There is a great need for rental units in our metropolitan regions. The initiative in Malmö is in line with our ambition to boost construction of new housing. Our goal is to build 500 homes per year, says Christel Armstrong Darvik, CEO of Stena Fastigheter.




Gothenburg, August 20, 2015
Stena Fastigheter AB

For further information, please contact:
Staffan Persson, Property Manager, Stena Fastigheter Malmö, tel +46 75-241 5000
Christel Armstrong Darvik, CEO, Stena Fastigheter, tel +46 75-241 50 15 christel.armstrongdarvik@stena.com

Stena Fastigheter is part of the Stena Sphere, and is one of Sweden's largest privately owned property. We own and manage a total of approximately 2.1 million square meters with about 23 700 homes and 2,700 premises in Gothenburg, Malmö, Stockholm, Lund, Lomma and Uppsala. Abroad we conduct business through the subsidiary Stena Realty. With tenancy as the form of tenure, Stena Fastigheter develops sustainably attractive residential environments and workplaces. The goal is to always be the tenant's first choice.

A public hit, exciting match racing and popular activities when Stena sums up Stena Match Cup Sweden 2015

For the sixth consecutive year, Stena was the title sponsor for the sailing event Stena Match Cup Sweden, which took place off Marstrand outside Gothenburg. Stena invested more than ever in different activities, including a ferry in Stena colours, match racing in 3D and designer products made from recycled materials.

Stena Match Cup Sweden is the largest sailing event in Sweden and this year, public interest was enormous with large crowds watching the races. Björn Hansen won for the fourth time when he defeated Ian Williams in the final. With this victory, he made history as the only person to win Stena Match Cup Sweden four times in a row.

During the week of the competition on Marstrand, the Stena Sphere participated with a number of different activities. The first sight to meet visitors was the local ferry Lasse-Maja dressed in Stena’s colours and renamed Stena Marstrandica in honour of the occasion. On Stena Recycling’s stand, the focus was on recycling with several examples of designer products given new life thanks to recycled materials. New for this year was the much talked about 3D headset Oculus Rift on the Stena Sphere’s stand. With a virtual reality headset, visitors were able to experience an action-filled adventure on board a match racing boat.

During the week, Stena also held a large number of events and seminars for both customers and partners and Stena Fastigheter took the opportunity to invite 600 of its tenants to Stena Match Cup Sweden to watch the races. A popular feature during the week was the Childhood Race, a special competition where a large number of artists, sports profiles and other celebrities participated for the benefit of Childhood.

“This year’s sailing week has been a great success at every level. Apart from being able to offer unusually exciting world-class match racing, it has been a fantastically festive occasion. The warm and sunny weather meant that more visitors than usual came to Marstrand, but we’re also very happy that so many of our customers and employees could take part”, says Lena Alvling, General Manager Marketing & Corporate Events, Stena Bulk AB.

“During the week, Stena invested more than ever before in different activities, seminars and exposure on our stands, all of which was very much appreciated. We also had more than 1,500 guests in the form of customers, partners and other important stakeholders at our many seminars”, adds Lovisa Andersson, Marketing & Branding, Stena Metall AB.

An Instagram competition was held in conjunction with Stena Match Cup. From the many great photos submitted, with a sailing-related theme, the winning photos chosen by the jury were:

For more information:
Lena Alvling, General Manager Marketing & Corporate Events, Stena Bulk AB
+46 704 85 50 20, lena.alvling@stenabulk.com
Lovisa Andersson, Marketing & Branding, Stena Metall AB
+46 10 445 2021, lovisa.andersson@stenametall.se

About Stena Match Cup Sweden
Stena Match Cup Sweden is one of the largest public events in Sweden and is one of eight events in the men’s World Match Racing Tour. The weeklong event is held at the beginning of July every summer in Marstrand and attracts around 120,000 visitors every year. Stena Match Cup Sweden is arranged by GKSS, Royal Gothenburg Yacht Club, in collaboration with Brandspot. GKSS is responsible for the sports-related activities and Brandspot for the commercial rights.
www.stenamatchcupsweden.com

About the title sponsor Stena
The Stena Sphere is one of Sweden’s biggest family-owned groups of companies with businesses worldwide. The Stena Sphere’s focus lies on ferry routes, shipping, offshore drilling, property, finance, Stena Adactum plus recycling, environmental services and trading. The Stena Sphere has more than 19,000 employees and generated total revenues of SEK 56 billion. www.stena.com and www.stenametall.com

Stena RoRo charters three vessels on a long-term basis

Stena RoRo has reached an agreement with the Finnish shipping company Godby Shipping to long-term charter their three RoRo vessels Misida, Misana and Miranda. The configuration of the vessels is very flexible and they can thus be employed in both the Stena RoRo and the Stena Line networks.


Per Westling, MD, Stena RoRo, Dan Mikkola, MD, Godby Shipping and Olof Berndtsson, DMD, Stena RoRo, after signing ceremony during Stena Match Cup Sweden. Photo: Victoria Edström


Misida. Photo: Pär-Henrik Sjöström

Three easy accessible RoRo decks enable fast turnaround in port and this, combined with their high service speed, satisfies the demand for punctual high-frequency service.

“We are very satisfied with the agreement, which we believe is clearly in tune with the times in relation to the market situation. We note that growth in our niche is good and we are optimistic about the future”, says Per Westling, Managing Director, Stena RoRo.

The fixtures are the first to be based on the Bimco ROPAXTIME charter-party, which was launched at the end of June and specifically developed for the RoRo/RoPax industry.

”The contract negotiations have been very much facilitated by using the recently launched standard contract and consequently saved us a lot of time”, says Dan Mikkola, Managing Director, Godby Shipping.

Misida, Misana and Miranda were built at the German shipyard J.J. Sietas KG Schiffswerft GmbH in 2007 and will complement the Stena fleet of more than 50 RoRo/RoPax vessels.

Technical data:
Length 165,75 m; Beam 23,40 m; Service speed 20 knots, Roro Capacity 2150 lane meters, DWT 11,407 tons

For more information, please contact:
Per Westling, Managing Director, Stena RoRo AB, Tel: +46 31 855154, +46704-855154, E-mail: per.westling@stena.com
Dan Mikkola, Managing Director, Godby Shipping AB, Mobile: +358 50 5244123, E-mail: dan.mikkola@godbyshipping.fi

Stena RoRo is one of the leading innovators of the roll on/roll off cargo and passenger concepts. Our products include vessels such as RoRos and RoPaxes. The company charters out a number of vessels to first-class operators all over the world and the clients are found both within and outside of the Stena Sphere. Stena RoRo are highly skilled and experienced in designing and converting vessels, combined with a unique knowledge of the market, to create tailor-made solutions for their demanding customers. This is called Stenability. stenaroro.com

Godby Shipping is a privately owned shipping company established 1973. Our aim is to offer high class tailor made sea transportation for the forest industry and liner operators. We operate a modern and competitive fleet under Finnish flag. godbyshipping.fi

Gothenburg
July 06, 2015

Stena Fastigheter construct 63 new apartments on Dragörkajen in Malmö

Stena Fastigheter - 2015-08-20 15:25 CEST

Stena Fastigheter has been granted permission to construct a new housing complex on Dragörkajen in Limhamn, Malmö. In addition to the main residential building, which houses 63 rental units, two lower two-storey buildings will also be erected, with commercial premises on the ground floor and apartments on top. Great emphasis is placed on energy and environmental issues and the houses are environmentally classified according to the Swedish “Green Building Silver”.

Construction start is planned in October 2015, with occupancy starting in autumn 2017. The apartments will have two or three rooms plus kitchen and are distributed via Boplats Syd.

- On Dragörkajen, we can offer an accommodation in the best location, directly at the waterfron in Limhamn. The apartments will have a brilliant view over the Öresund strait, says Unni Sollbe, President of Stena Fastigheter Malmö.

- There is a great need for rental units in our metropolitan regions. The initiative in Malmö is in line with our ambition to boost construction of new housing. Our goal is to build 500 homes per year, says Christel Armstrong Darvik, CEO of Stena Fastigheter.




Gothenburg, August 20, 2015
Stena Fastigheter AB

For further information, please contact:
Staffan Persson, Property Manager, Stena Fastigheter Malmö, tel +46 75-241 5000
Christel Armstrong Darvik, CEO, Stena Fastigheter, tel +46 75-241 50 15 christel.armstrongdarvik@stena.com

Stena Fastigheter is part of the Stena Sphere, and is one of Sweden's largest privately owned property. We own and manage a total of approximately 2.1 million square meters with about 23 700 homes and 2,700 premises in Gothenburg, Malmö, Stockholm, Lund, Lomma and Uppsala. Abroad we conduct business through the subsidiary Stena Realty. With tenancy as the form of tenure, Stena Fastigheter develops sustainably attractive residential environments and workplaces. The goal is to always be the tenant's first choice.

Stena Fastigheter construct 63 new apartments on Dragörkajen in Malmö

Stena Fastigheter - 2015-08-20 15:25 CEST

Stena Fastigheter has been granted permission to construct a new housing complex on Dragörkajen in Limhamn, Malmö. In addition to the main residential building, which houses 63 rental units, two lower two-storey buildings will also be erected, with commercial premises on the ground floor and apartments on top. Great emphasis is placed on energy and environmental issues and the houses are environmentally classified according to the Swedish “Green Building Silver”.

Construction start is planned in October 2015, with occupancy starting in autumn 2017. The apartments will have two or three rooms plus kitchen and are distributed via Boplats Syd.

- On Dragörkajen, we can offer an accommodation in the best location, directly at the waterfron in Limhamn. The apartments will have a brilliant view over the Öresund strait, says Unni Sollbe, President of Stena Fastigheter Malmö.

- There is a great need for rental units in our metropolitan regions. The initiative in Malmö is in line with our ambition to boost construction of new housing. Our goal is to build 500 homes per year, says Christel Armstrong Darvik, CEO of Stena Fastigheter.




Gothenburg, August 20, 2015
Stena Fastigheter AB

For further information, please contact:
Staffan Persson, Property Manager, Stena Fastigheter Malmö, tel +46 75-241 5000
Christel Armstrong Darvik, CEO, Stena Fastigheter, tel +46 75-241 50 15 christel.armstrongdarvik@stena.com

Stena Fastigheter is part of the Stena Sphere, and is one of Sweden's largest privately owned property. We own and manage a total of approximately 2.1 million square meters with about 23 700 homes and 2,700 premises in Gothenburg, Malmö, Stockholm, Lund, Lomma and Uppsala. Abroad we conduct business through the subsidiary Stena Realty. With tenancy as the form of tenure, Stena Fastigheter develops sustainably attractive residential environments and workplaces. The goal is to always be the tenant's first choice.

Stena Line launches the world's first methanol ferry

Sustainable sea transports demand new solutions. Stena Line has chosen to focus on the alternative fuel, methanol, and now the world's first methanol powered ferry, the Stena Germanica, has been launched, which operates on the route Kiel–Gothenburg.

On 26 March, the Stena Germanica re-entered service after a couple of months' intermission. Now, as the world's first methanol powered ferry. Stena Line is thus the first shipping company to operate with environmentally friendly methanol as the main fuel. On Friday the 27ththere was an inauguration ceremony in Kiel and today, Monday the 30thof March there was a ceremony in Gothenburg

"We are very enthusiastic about methanol's possibilities and it has the potential to be the maritime fuel of the future. We want to pursue change and development in the shipping sector and, with the Stena Germanica, our environmental impact will be completely different to what the industry has seen before," Carl-Johan Hagman says.

Methanol is a biodegradable, environmentally friendly and cost efficient fuel that reduces the emissions of sulphur and particles by 99 percent. The ferry's fuel system and engines have been adapted in the shipyard in a collaboration between Stena Line and Wärtsilä. The technology is called dual fuel – methanol is the main fuel, but there is the option to use MGO, Marine Gas Oil, as backup.

The conversion of the Stena Germanica was carried out in Gdansk, Poland, at the Remontova shipyard and it started up at the end of January and continued until the end of March. The project has received support from the EU's Motorways of the Seas and has had a total cost 22 million euros.

The conversion has already attracted praise for the innovative new technology and the progress this means for the marine environment.

"I think Stena Line's initiative in being the first in the world to use methanol as an alternative fuel is extremely pleasing. Together with the impressive efforts made in its Energy Saving Programme, ESP, over a number of years, this demonstrates a great commitment to sustainable development. This is showing shipping the way, both in Sweden and globally, for how to protect responsibly the environment and climate," the Swedish Maritime Administration's Director General, Ann-Catrine Zetterdahl, says.

"Stena Line is steering a sustainable and particularly environmentally friendly course. We are proud that the route between Kiel and Gothenburg was chosen and that we are part of this outstanding pilot project," says Dr. Dirk Claus, managing director of Seehafen Kiel GmbH & Co KG.

On both events prominent guests were attending. In Kiel the owner of Stena, Dan Sten Olsson, held a ceremonial speech and so did also Karmenu Vella, European Commissioner for the Environment, Maritime Affairs and Fisheries, Reinhard Meyer, Schleswig -Holstein's Minister for Enterprise and Work, Dr. Ulf Kämpfer, Kiel's Mayor and Björn Ullbro from the Finnish engine manufacturer Wärtislä.

In Gothenburg ceremonial speeches were held by Stena Lines CEO Carl-Johan Hagman, Swedish Maritime Administration's Director General, Ann-Catrine Zetterdahl, Her Excellency Dr. Lisa Emelia Svensson, Ambassador of Sweden for Oceans, Seas and Fresh Water and Pierpaolo Barbone from the Finnish engine manufacturer Wärtislä.

Facts about methanol Methanol is a colourless liquid that can be produced from natural gas, coal, biomass or CO2. By using methanol, the emissions of sulphur (SOx) are reduced by roughly 99 percent, nitrogen (NOx) by 60 percent, particles (PM) by 95 percent and carbon dioxide (CO2) by 25 percent when compared to international bunker fuels. The emissions from methanol are roughly the same as for LNG (Liquefied Natural Gas), but are easier to process and do not place the same demands on infrastructure. Since 2005, Stena Line has worked to reduce its environmental impact by means of an energy-saving programme and it has succeeded in reducing the energy consumption of its ships by an average of 2.5 percent per year.

For more information, contact Jesper Waltersson, Head of Communications, Stena Line, tel. +46 (0) 31 85 85 32 or +46 (0) 704 85 85 32. jesper.waltersson@stenaline.com

Stena Line is one of the world's largest ferry companies with 35 vessels and 22 routes in northern Europe. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company, which is family owned, was founded in 1962 and has its head office in Gothenburg. Stena Line is part of the Stena Sphere, which has around 20,500 employees and an annual turnover of over 50 billion.

Gothenburg
March 30, 2015

Green Ship Technology (GST) Award 2015 goes to Stena Line’s methanol project

Stena has received an award for its efforts in converting the Stena Germanica to run on methanol. The accolade “Ship-owner of the year” was awarded at this year’s Green Ship Technology Conference (GST), held in Copenhagen last week.

The prize is awarded for “innovative new technology presented since 1 January 2014 that represents an advance for the marine environment” and the jury selected the conversion of the Stena Germanica on the grounds that it was “a strong 3rd alternative that is developing to meet the specific challenge of sustainable sea transport within the ECA”. The Stena Germanica, which serves the route from Gothenburg to Kiel on weekdays, will now be converted at Remontova Shipyard in Poland. The 240-metre-long ferry will be the first vessel in the world to run on environmentally-friendly methanol.

“We are naturally delighted about the jury naming our methanol project as the winner of this year’s GST Award. It is an important project, both for us as a company and for the entire industry, as we need more long-term sustainable fuel alternatives in order to remain competitive. We want to thank our partners Wärtsilä, Methanex, the Port of Gothenburg and the Port of Kiel,” says Carl-Johan Hagman, CEO of Stena Line.

The conversion of the Stena Germanica’s engines has involved collaboration between Stena Teknik and Wärtsilä. The technology is so-called “dual fuel” and uses methanol as the principal fuel, but with the possibility of using MGO (Marine Gas Oil) as a backup. The total project cost is around EUR 22 million and the project is being supported by the EU’s “Motorways of the Seas”.

The jury that selected the project as the winner comprised Mark Cameron (COO, Ardmore Shipping), Craig Eason (deputy editor, Lloyds List), Captain Wolfram Guntermann (Director Environmental Fleet Management at Hapag-Lloyd AG) and Niels Björn Mortensen (Director Regulatory Affairs, Maersk Maritime Technology). The other nominees were GAC (EnvironHull for HullWiper), NAPA and ClassNK (GREEN Monitoring and GREEN Optimisation) and MAN Diesel & Turbo (De-rating: slow steaming optimization with de-rating and propeller upgrade).

For more information about the award, visit www.greenshiptechnology.com

Facts about methanol

Methanol is a colourless liquid that can be produced from natural gas, carbon, biomass or even CO2. Using methanol reduces emissions of sulphur (SOx) by roughly 99 per cent, nitrogen (NOx) by 60 per cent, particles (PM) by 95 per cent and carbon dioxide (CO2) by 25 per cent compared with international bunker fuels.

To view films about Stena Line’s methanol project, including an interview with Carl-Johan Hagman, visit Stena Line’s Youtube channel: www.youtube.com/stenaline

For more information, contact Jesper Waltersson, Head of Communications, Stena Line, tel. +46 (0) 31 85 85 32 or +46 (0) 704 85 85 32. jesper.waltersson@stenaline.com

Stena Line is one of the world's largest ferry companies with 35 vessels and 22 routes in northern Europe. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company, which is family owned, was founded in 1962 and has its head office in Gothenburg. Stena Line is part of the Stena Sphere, which has around 20,500 employees and an annual turnover of over 50 billion.

Gothenburg
March 16, 2015

Stena Line launches the world's first methanol ferry

Sustainable sea transports demand new solutions. Stena Line has chosen to focus on the alternative fuel, methanol, and now the world's first methanol powered ferry, the Stena Germanica, has been launched, which operates on the route Kiel–Gothenburg.

On 26 March, the Stena Germanica re-entered service after a couple of months' intermission. Now, as the world's first methanol powered ferry. Stena Line is thus the first shipping company to operate with environmentally friendly methanol as the main fuel. On Friday the 27ththere was an inauguration ceremony in Kiel and today, Monday the 30thof March there was a ceremony in Gothenburg

"We are very enthusiastic about methanol's possibilities and it has the potential to be the maritime fuel of the future. We want to pursue change and development in the shipping sector and, with the Stena Germanica, our environmental impact will be completely different to what the industry has seen before," Carl-Johan Hagman says.

Methanol is a biodegradable, environmentally friendly and cost efficient fuel that reduces the emissions of sulphur and particles by 99 percent. The ferry's fuel system and engines have been adapted in the shipyard in a collaboration between Stena Line and Wärtsilä. The technology is called dual fuel – methanol is the main fuel, but there is the option to use MGO, Marine Gas Oil, as backup.

The conversion of the Stena Germanica was carried out in Gdansk, Poland, at the Remontova shipyard and it started up at the end of January and continued until the end of March. The project has received support from the EU's Motorways of the Seas and has had a total cost 22 million euros.

The conversion has already attracted praise for the innovative new technology and the progress this means for the marine environment.

"I think Stena Line's initiative in being the first in the world to use methanol as an alternative fuel is extremely pleasing. Together with the impressive efforts made in its Energy Saving Programme, ESP, over a number of years, this demonstrates a great commitment to sustainable development. This is showing shipping the way, both in Sweden and globally, for how to protect responsibly the environment and climate," the Swedish Maritime Administration's Director General, Ann-Catrine Zetterdahl, says.

"Stena Line is steering a sustainable and particularly environmentally friendly course. We are proud that the route between Kiel and Gothenburg was chosen and that we are part of this outstanding pilot project," says Dr. Dirk Claus, managing director of Seehafen Kiel GmbH & Co KG.

On both events prominent guests were attending. In Kiel the owner of Stena, Dan Sten Olsson, held a ceremonial speech and so did also Karmenu Vella, European Commissioner for the Environment, Maritime Affairs and Fisheries, Reinhard Meyer, Schleswig -Holstein's Minister for Enterprise and Work, Dr. Ulf Kämpfer, Kiel's Mayor and Björn Ullbro from the Finnish engine manufacturer Wärtislä.

In Gothenburg ceremonial speeches were held by Stena Lines CEO Carl-Johan Hagman, Swedish Maritime Administration's Director General, Ann-Catrine Zetterdahl, Her Excellency Dr. Lisa Emelia Svensson, Ambassador of Sweden for Oceans, Seas and Fresh Water and Pierpaolo Barbone from the Finnish engine manufacturer Wärtislä.

Facts about methanol Methanol is a colourless liquid that can be produced from natural gas, coal, biomass or CO2. By using methanol, the emissions of sulphur (SOx) are reduced by roughly 99 percent, nitrogen (NOx) by 60 percent, particles (PM) by 95 percent and carbon dioxide (CO2) by 25 percent when compared to international bunker fuels. The emissions from methanol are roughly the same as for LNG (Liquefied Natural Gas), but are easier to process and do not place the same demands on infrastructure. Since 2005, Stena Line has worked to reduce its environmental impact by means of an energy-saving programme and it has succeeded in reducing the energy consumption of its ships by an average of 2.5 percent per year.

For more information, contact Jesper Waltersson, Head of Communications, Stena Line, tel. +46 (0) 31 85 85 32 or +46 (0) 704 85 85 32. jesper.waltersson@stenaline.com

Stena Line is one of the world's largest ferry companies with 35 vessels and 22 routes in northern Europe. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company, which is family owned, was founded in 1962 and has its head office in Gothenburg. Stena Line is part of the Stena Sphere, which has around 20,500 employees and an annual turnover of over 50 billion.

Gothenburg
March 30, 2015

We have been awarded Career Company 2015, which means Stena AB is one of Sweden's best companies to work for!

Each year, Jobtip award the most exciting companies in Sweden to work for – The Career Companies. Thousands of companies are reviewed and evaluated based career and development, employee engagement, international reach, internal and external employer brand and much more.


The jury said
"In its efforts to constantly become a stronger and more attractive employer, Stena has focused on individualized development opportunities and strengthen internal cooperation in the Stena Group. With international career opportunities, internal training and inspiring work with CSR, the employees have the opportunity to grow in a global environment. As a result of the qualities above, it is the creative employees with high ambitions that make it possible for Stena to call itself one of Sweden's 100 Career Companies 2015."

Gothenburg
6 February 2015

For more information please contact
Linda Mickelson, HR Manager Stena AB, +46 (0)704 85 51 05

Stena Line launches the world's first methanol ferry

Sustainable sea transports demand new solutions. Stena Line has chosen to focus on the alternative fuel, methanol, and now the world's first methanol powered ferry, the Stena Germanica, has been launched, which operates on the route Kiel–Gothenburg.

On 26 March, the Stena Germanica re-entered service after a couple of months' intermission. Now, as the world's first methanol powered ferry. Stena Line is thus the first shipping company to operate with environmentally friendly methanol as the main fuel. On Friday the 27ththere was an inauguration ceremony in Kiel and today, Monday the 30thof March there was a ceremony in Gothenburg

"We are very enthusiastic about methanol's possibilities and it has the potential to be the maritime fuel of the future. We want to pursue change and development in the shipping sector and, with the Stena Germanica, our environmental impact will be completely different to what the industry has seen before," Carl-Johan Hagman says.

Methanol is a biodegradable, environmentally friendly and cost efficient fuel that reduces the emissions of sulphur and particles by 99 percent. The ferry's fuel system and engines have been adapted in the shipyard in a collaboration between Stena Line and Wärtsilä. The technology is called dual fuel – methanol is the main fuel, but there is the option to use MGO, Marine Gas Oil, as backup.

The conversion of the Stena Germanica was carried out in Gdansk, Poland, at the Remontova shipyard and it started up at the end of January and continued until the end of March. The project has received support from the EU's Motorways of the Seas and has had a total cost 22 million euros.

The conversion has already attracted praise for the innovative new technology and the progress this means for the marine environment.

"I think Stena Line's initiative in being the first in the world to use methanol as an alternative fuel is extremely pleasing. Together with the impressive efforts made in its Energy Saving Programme, ESP, over a number of years, this demonstrates a great commitment to sustainable development. This is showing shipping the way, both in Sweden and globally, for how to protect responsibly the environment and climate," the Swedish Maritime Administration's Director General, Ann-Catrine Zetterdahl, says.

"Stena Line is steering a sustainable and particularly environmentally friendly course. We are proud that the route between Kiel and Gothenburg was chosen and that we are part of this outstanding pilot project," says Dr. Dirk Claus, managing director of Seehafen Kiel GmbH & Co KG.

On both events prominent guests were attending. In Kiel the owner of Stena, Dan Sten Olsson, held a ceremonial speech and so did also Karmenu Vella, European Commissioner for the Environment, Maritime Affairs and Fisheries, Reinhard Meyer, Schleswig -Holstein's Minister for Enterprise and Work, Dr. Ulf Kämpfer, Kiel's Mayor and Björn Ullbro from the Finnish engine manufacturer Wärtislä.

In Gothenburg ceremonial speeches were held by Stena Lines CEO Carl-Johan Hagman, Swedish Maritime Administration's Director General, Ann-Catrine Zetterdahl, Her Excellency Dr. Lisa Emelia Svensson, Ambassador of Sweden for Oceans, Seas and Fresh Water and Pierpaolo Barbone from the Finnish engine manufacturer Wärtislä.

Facts about methanol Methanol is a colourless liquid that can be produced from natural gas, coal, biomass or CO2. By using methanol, the emissions of sulphur (SOx) are reduced by roughly 99 percent, nitrogen (NOx) by 60 percent, particles (PM) by 95 percent and carbon dioxide (CO2) by 25 percent when compared to international bunker fuels. The emissions from methanol are roughly the same as for LNG (Liquefied Natural Gas), but are easier to process and do not place the same demands on infrastructure. Since 2005, Stena Line has worked to reduce its environmental impact by means of an energy-saving programme and it has succeeded in reducing the energy consumption of its ships by an average of 2.5 percent per year.

For more information, contact Jesper Waltersson, Head of Communications, Stena Line, tel. +46 (0) 31 85 85 32 or +46 (0) 704 85 85 32. jesper.waltersson@stenaline.com

Stena Line is one of the world's largest ferry companies with 35 vessels and 22 routes in northern Europe. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company, which is family owned, was founded in 1962 and has its head office in Gothenburg. Stena Line is part of the Stena Sphere, which has around 20,500 employees and an annual turnover of over 50 billion.

Gothenburg
March 30, 2015

New joint Maritime Centre of Learning & Development opened

Oct 22, 2014 Scotia House, Clydebank

The Maritime industry has well defined programmes to enable seafarers to develop their careers to the point where they become senior officers. The minimum requirements to reach that standard are defined by the International Maritime Organisation (IMO).

Many companies go no further than the mandatory level of training however within Chevron and Stena one of the critical areas has been identified as the need to enhance seafarer training further and to enable both companies to identify at early stage individuals with high leadership potential. To support this goal with enhanced training specifically tailored to company requirements the conclusion was that a new training centre should be built incorporating sophisticated simulators and specialised training facilities that best met operational requirements.

After negotiations had been completed and scope of building was agreed the ceremonial ground breaking ceremony was undertaken in November 2013 and in August 2014 the building of the centre was completed and handed over to NMM.

The Opening Ceremony took place on 22nD October. The centre was jointly opened by Carl-Johan Hagman, CEO Stena Rederi AB and Mike Carthew, President, Chevron Shipping Company. As a symbol of the importance of this milestone for Northern Marine and the wider Stena Group, William Olsson joined the opening ceremony and participated in the formalities of the event.

Both Chevron Shipping Company and Stena officers shall be using the training centre in the future. Simulators shall be used for training of officers, regular competency assessment of officers, Command Assessment of Masters and pre-employment competency assessment of candidates at interview stage. Training equipment in the centre includes the following:

  • 2 x ECDIS Ltd Full Mission Bridge Simulators with Bridge Wing simulation
  • 6 x ECDIS Ltd Mini Bridge Simulators
  • 1 x L3 Full Mission Engine Room Simulator with ER Walkthrough & Emergency Switchboard emulation.
  • 6 x L3 Part Task Trainer PC Based Engine Room Simulators
  • 1 x Labtech International Ltd Commercial Refrigeration Trainer Model: RCO-CRT-C
  • 1 x MAN B&W 50-98ME Engine Control System Simulator
  • 2 x Fluid Power MF100 Series Hydraulic Simulators
  • Video Conferencing Suite
  • Training Supported by Smart Board Technology

The establishment of this centre demonstrates the continuing spirit of partnership and cooperation between Stena and Chevron Shipping Company. The two companies have a long history going back to 1992 when a number of Chevron/Texaco vessels were technically managed by Northern Marine Management. Since 2002 Northern Marine Manning Services has had the crew management contract for Chevron Shipping Company vessels. Northern Marine Manning Services now manage over 1300 sea staff on 25 vessels for Chevron Shipping Company. The responsibilities include recruitment, training, learning and development, logistics and payroll.

For further questions please contact

Murdoch MacDonald
Commercial Director
Northern Marine Group Ltd
Murdo.MacDonald@Stena.com
Tel. +44 141 876 3000
Mob.+44 7789 630060

Stena Line drastically reduces emissions with the world's first methanol ship

Press release 2014-11-19

One of the world’s biggest ferry companies, Stena Line, becomes the first operator in the world to run a large 1 500 passenger ferry on methanol, drastically reducing emissions compared to today’s standard fuel.

Stena Line has decided to convert one of its ships sailing between Gothenburg and Kiel to methanol propulsion. The 240 meter long ferry Stena Germanica will be the first ship in the world to run on methanol in early 2015. The project is done in co-operation with the leading engine manufacturer Wärtsilä, the port of Gothenburg, the port of Kiel and the world’s largest methanol producer and supplier Methanex Corporation.

Stena Germanica will be converted at Remontova Shipyard in Poland starting January 2015, the process is expected to take six weeks and is financially supported by the EU “Motorways of the Seas” initiative. Total project cost is about Euro 22 million. "At Stena Line we are extremely proud of contributing to the development of our industry. Our focus has always been on innovation for the benefit of both customers and society at large and this is a prime example when this goes hand in hand. We are constantly evaluating different fuels for the future and to be first in the world with a methanol conversion is a big step towards sustainable transportation. The project has been possible thanks to the great teamwork and collaboration between our technical staff, Wärtsilä and Methanex”, says Carl-Johan Hagman, CEO of Stena Line.

Wärtsilä has developed the new engine conversion kit and ship application in co-operation with Stena Teknik. The engine will be dual fuel using methanol as the vessels main fuel grade but with the ability to use MGO (Marine Gas Oil) as backup. Methanol is a clear, colorless biodegradable fuel that can be produced from natural gas, coal, “biomass” or even CO2. Methanol plays a key role in the energy sector as a clean and cost competitive alternative fuel and energy resource. By using methanol the emissions of sulphur (SOx) will be reduced about 99%, nitrogen (NOx) 60%, particles (PM) 95% and carbon dioxide (CO2) 25% compared with today’s fuel.

From early 2015, vessels in the area around the Baltic and North Sea, known as the SECA area, will have to use fuel with very low sulphur content of 0.1% (today the fuel restriction is 1.0%). Most common is MGO which will be about 40-50% higher in price compared to HFO (heavy fuel oil) which is being used today. In parallel with the change to low-sulphur oils, Stena Line is running a number of projects to look at other alternative fuels and different techniques for emission purification such as LNG, electric propulsion and scrubbers.

"Due to our size we have a broad perspective on handling the new sulphur regulations and it is likely we will use some different types of solutions in the coming years. However, based on the results of the methanol project we are intending to convert additional ferries, says Stena Line CEO Carl-Johan Hagman.

Methanol has the potential to be an important fuel for the shipping industry in the future. The emissions are similar to using LNG but the need for infrastructure is much less and handling is simpler. Since 2005 Stena Line has worked to reduce its environmental impact within its Energy Saving Programme, which has successfully reduced vessel energy consumption by on average 2,5 % every year.

"It is a project that involved several companies in the Stena Sphere, which makes it very special for us. Stena Line, Stena Teknik, Stena Bulk, Stena RoRo and Stena Oil have all been involved with their respective areas of expertise. This internal collaboration made this possible. Naturally, adapting and converting Stena Lines fleet of some 40 ferries to the new regulations in the near future is a very tough task which will both take time, effort and money", says Carl-Johan Hagman.

Stena Germanica

LOA: 240 meter Built: 2001

Cars:300 Passengers:1 500

Lanemeters: 4 000 Engine: Wärtsilä 8ZAL 40S MD with 32 000 horsepower

For more information, contact

Jesper Waltersson, Head of Communications Stena Line

Tel. +46 (0) 31 85 85 32 or +46 (0) 704 85 85 32. jesper.waltersson@stenaline.com

Erik Lewenhaupt, Head of External Communication, Stena AB

Tel +46 (0) 31 855 188 or +46 (0) 704 855 188 erik.lewenhaupt@stena.com

Sulphur Emission Control Areas (SECAs) or Emission Control Areas (ECAs) are sea areas in which stricter controls were established in IMO to minimize airborne emissions (SOx, NOx, ODS, VOC) from ships as defined by Annex VI of the 1997 MARPOL Protocol which came into effect in May 2005. The new Sulphur regulation which comes into force on 1 January 2015 requires that ships must use bunker fuels with sulphur content below 0.1%, or use cleaning techniques to comply with the sulphur cap. The European SECA includes the English Channel, North Sea and the Baltic Sea.

Stena Line is one of the world’s largest operators of ferries, RoPax and RoRo tonnage. The company operates about 40 vessels on 23 routes within Northern Europe. Stena Line is developing new intermodal freight solutions by combining train, road and sea transportation and is a large part of the European logistics network. The company was founded in 1939, is family owned and headquartered in Gothenburg, Sweden. Stena Line is part of the Stena Sphere with around 20,500 employees and a turnover of 8 billion USD.

Stena and Sonangol launch a world class maritime training facility in Angola

Press release 2014-08-27

On August 27th 2014 the Centro De Formação Maritima De Angola (CFMA) was officially launched by top management from Sonangol, the Angolan public sector energy company and the Stena Group. The CFMA is the first maritime training facility of its kind in Angola and the most modern maritime campus in Africa.

The centre will be an internationally recognized centre of excellence, linked through Stena to leading maritime institutions in Europe and Asia in order to deliver marine education, training and certification to Angolan seafarers in order to satisfy Sonangol’ s and Angola’s future requirements for marine expertise.

Stena and Sonangol are already co-operating through the Stena Sonangol Suezmax Pool, which since 2005 operates a pool of Suezmax size crude oil tankers (today 23 vessels) from four offices worldwide. In 2008 a second unique partnership was formed to design and build the centre. Lecturers will be sourced from the maritime faculty of City of Glasgow College, one of Europe’s foremost maritime training institutions.  They will ensure compliance with the highest maritime academic standards and lead CFMA to develop Angolan STCW certification and support IMO ‘white list’ accreditation.

The maritime campus is built on an imposing green field site of 70 hectares close to Sumbe on the coast approximately 360 km south of Luanda and is completely self-contained. Up to 200 students per year will have the opportunity to study at the centre, starting with one year in Angola and a second year in Glasgow.

"The development of the Maritime Training Centre has been a natural step for Stena in our close relation with Sonangol where education has been one of the fundamental questions since we started our Joint Venture through Stena Sonangol Suezmax Pool," says Erik Hånell, CEO Stena Bulk. “The investment in the project by Sonangol and Stena will ensure the long term success of the project, and will also bring added value by employing people from the surrounding area, and therefore contribute to the local economy” adds Erik Hånell.

Stena’s Northern Marine Management led the project management team responsible for the design, build and pre-operational phase of the CFMA, and delivery of the state of the art Campus. 

About the centre

Important milestones

  • Formation of AMTSL, a Stena/Sonangol Joint Venture company specifically formed to design and build CFMA – November 2008.
  • Construction General Contractor Mota – Engil was appointed on 17th May 2010.
  • The City of Glasgow College contract was signed on 19th August 2010.
  • Laying the Foundation Stone Ceremony 6th April 2011.
  • Full completion of campus works December 2013.
  • First intake of cadet trainees on Sunday 19th January 2014.

For more information, please contact:

Erik Hånell
President and CEO, Stena Bulk
Phone: +46 31 855 002
Mobile: +46 704 855 002
erik.hanell@stenabulk.com
Kevin Slade
Director, Northern Marine Management. Head of the CFMA Project
Phone: +44 141 876 3030
Mobile: +44 7789 630030
kevin.slade@stena.com

Stena summarises the 2014 edition of Stena Match Cup Sweden

Press release 2014-07-11

Stena has, for the fifth consecutive year, been the title sponsor of one of Scandinavia’s largest sailing competitions, Stena Match Cup Sweden - an event with world class sailing, entertainment and activities for all ages. This year it was also the 20th anniversary on Marstrand island off the Swedish west coast and well over 100,000 spectators were on hand during the week.

This year's line-up with fourteen teams from around the world was very strong and during the week we were treated to many exciting competitions, which finally got a thrilling resolution with Swedish victory. Team Bjorn Hansen took his third consecutive victory while “Stena Sailing Team” skipper Johnie Berntsson unfortunately did not reach the quarter finals this time.

For Stena, which has its roots in Gothenburg and which also carries a large part of their core business at sea, the sponsorship of Stena Match Cup Sweden is an obvious choice. Stena contributed to the event throughout the week in Marstrand and organized a number of seminars for guests showcasing various innovative parts of our business. Also, Stena Recycling was responsible for cleanliness of the island. http://www.youtube.com/watch?v=HgFQ5veX-LM

During the week of competition, there were also M32 catamarans and a special Junior Cup paving the way for new talent. A highlight of the week was the recurring “Childhood Race” in which celebrities participated for charity. This year there was an unusually large number of celebrities on the spot and a sizable contribution will be submitted to the World Childhood Foundation.

Read more on www.stenamatchcupsweden.com

Stena Match Cup Sweden 2014 under way

Press release 2014-07-02

The world’s top match racing crews are gathered, and the starting line-up includes four Swedish home favourites who will be battling to reach the finals at the weekend. Stena Match Cup Sweden is the year’s great sailing event with around 100,000 spectators expected over six days.

Stena Match Cup Sweden which celebrates its 20th anniversary this year is the second of seven stages in the Alpari World Match Racing Tour, the World Cup in match racing for men. The regatta began with a Round Robin phase in which all teams met each other in individual races, and the eight teams with most victories and points proceeded to the knock-out stage. The teams that go through then meet in the best of five races, in quarter-finals, semi-finals and then in the final on Saturday.

The 14 teams competing at Marstrand include four Swedish teams. Johnie Berntsson and his Stena Sailing Team have never got beyond the quarter-finals at Marstrand, but they are aiming higher this year.

“We want to stay in the competition as long as possible, come further than we have ever done before and reach the semi-final. Once we’re there, anything can happen. We’ve been sailing at Marstrand for many years, and we’re aware of what we’ve done well, but also the things that have let us down. If we’re at the top of our game, we can beat all the teams in line-up,” says Johnie Berntsson.

Starting line-up for Stena Match Cup Sweden 2014
1. Ian Williams (GBR)
2. Björn Hansen (SWE)
3. Phil Robertson (NZL)
4. Keith Swinton (AUS)
5. Taylor Canfield (USA)
6. Francesco Bruni (ITA)
7. David Gilmour (AUS)
8. Mathieu Richard (FRA)
9. Johnie Berntsson (SWE)
10. Magnus Holmberg (SWE)
11. Ed Baird (USA)
12. Nicolai Sehested (DEN)
13. Joachim Aschenbrenner (DEN)
14. Viktor Ogeman (SWE)

www.stenamatchcupsweden.com

Stena AB’s sustainability report for 2013 is now available online

Press release 2014-05-12

Last year was the first time the Stena AB group published a sustainability report. Today the second and latest report is available to download at www.stena.com. Sustainability at Stena is essentially based on three pillars:

  • Financial responsibility, with the aim of contributing to economic development.
  • Environmental responsibility, where the goal is to reduce our impact on the environment.
  • Social responsibility, where our fundamental approach is to act ethically in everything we do.

 

The sustainability report can be seen as a supplement to the annual report which focuses primarily on the economic value creation . In the sustainability report practical examples and key indicators are presented to show how Stena takes responsibility for the societies were we operate, both from an environmental and social perspective as well as financially.

Download the report from the Sustainability page here

Questions regarding the report or ideas for next year’s report can be sent to Emma Aaben, CSR Coordinator at Stena AB. Email: emma.aaben (@) stena.com

Stena AB presents its 2013 results and Annual Review

Gothenburg, April 29 2014

Stena AB (publ) increased its EBITDA by 11% to SEK 8.0 (7.1) billion for the full year 2013. Income before tax was SEK 2.1 billion (1.7). Investments for the year totalled SEK 7.0 billion, and were primarily related to upgrades and new orders for drilling units, investments in new vessels and ferry lines, and wind power and property. Based on care, innovation and first-class performance the operations continue to expand.
Some highlights:

  • Stena Line continues to improve its EBITDA in a highly competitive market. Freight volumes rose by 15%, during the year, with 7% of the increase attributable to organic growth. There was a continuing focus on increasing capacity utilisation and reducing costs while maintaining quality.

  • Stena Drilling has successfully signed new contracts for the fleet of rigs and drillships. Current contract coverage is very good. The fleet delivered an utilisation rate of around 98% with a continuing focus on safety. During the year orders were placed for two new drilling units from Korea, with an option to cancel one unit.

  • In the tanker segment, Stena Bulk continued to outperform the spot market on a daily basis. 2014 sees the start of deliveries of the first IMOIIMAX vessels – a series of in-house designed product tankers built for special load-flexibility and fuel-efficient operation.

  • Stena Property has invested in new construction during 2013. The company continues to develop a long-term portfolio of attractive rental units and workplaces in locations that include Houston, Malmö, Stockholm, Gothenburg and Uppsala.

  • The investment company Stena Adactum continues to show growth through its six subsidiaries and two associated companies. The subsidiaries' revenue amounted to SEK 6.5 billion. In wind power, 52 new wind turbines were commissioned during the year, bringing the total in operation to 86, with a further 10 turbines scheduled in 2014.

  • The group had approx. 17,000 employees at the end of the year.

Stena AB's full Annual Review for 2013 can be read or downloaded here.

Stena AB's sustainability report for 2013 will be presented at the beginning of May.

For further information, contact:
Staffan Hultgren
Deputy CEO
Stena AB
+46 31 855 000 / 855 148
staffan.hultgren@stena.com

Stena AB is one of the largest family-owned groups of companies with businesses worldwide. Stena AB is active in ferry operations, shipping, offshore drilling, property, finance and investments. Stena AB has over 17 000 employees and a turnover of SEK 30 billion. Stena AB, Stena Metall and Stena Sessan together form the Stena Sphere.

Unique logistics solution to be launched soon

– The investment is expected to have a positive effect on both the environment and on Swedish imports and exports

 

Due to its advantageous geographic location, Verkö Harbour in Karlskrona links Sweden with countries in Eastern Europe and further south. A unique cooperation initiative between three of the leading transport and logistics operators on the market, Stena Line, Green Cargo and Logent, is now streamlining the logistics chain to and from Eastern Europe. The aim of the investment is to boost Swedish exports and promote local business in the country.

In partnership with Logent and Green Cargo, Stena Line is making significant investments in tailor-made logistical solutions that will transform Verkö Harbour in Karlskrona into one of Sweden's most important transport hubs. Implementing an intermodal solution that exploits several modes of transportation has been under discussion for a long time, but is now becoming reality with the refurbishment of the terminal's railway link.

While Stena Line provides the link between Karlskrona and Gdynia in Poland, Green Cargo has rail terminals all over Sweden and across the border in Norway. Logent is responsible for port and combi-terminal logistics, which add value in terms of packaging, collection of goods etc.

Logent will function as the interface between sea, rail and road in this solution – an invaluable link in the transport chain. For Green Cargo, the investment in the Verkö Harbour in Karlskrona signifies an expansion of its operations to east and south east Europe. The possibility of combining different types of carriers on the train makes the solution both environmentally friendly and cost-effective and is intended to reduce road traffic in the future. Another positive effect is that the solution will offer more local companies all over the country alternative transportation options to meet increasingly tough environmental standards.

Karlskrona Baltic Port is jointly owned by Stena Line and Karlskrona Municipality, with Stena Line as principal owner.

"Connecting the railway with our Pan-European network of 23 sea routes gives our customers an efficient and flexible logistics solution. With our collaboration partners in Karlskrona we can now offer an extremely strong product We have an unwavering commitment to expanding our network, and our experience from similar projects in Europe indicates that the project will reinforce Karlskrona's position as a modern transport hub in Scandinavia", says Björn Petrusson, Group Freight Director at Stena Line.

For more information, contact:
Janine Sjöö, Stena Line Communications Manager, tel. + 46 (0) 704 85 85 51, or e-mail janine.sjoo@stenaline.com

Stena RoRo heads construction of the world’s largest charity hospital ship

Press release 2014-03-14

Recently, the international charity Mercy Ships signed an agreement for the construction of Atlantic Mercy (working title), the world's largest civilian hospital ship. Stena RoRo is engaged as project manager. The vessel, an investment of more than $ 100 million, will be built at the Chinese Tianjin Xingang Shipyard and delivery is expected by July 2017.

Atlantic Mercy will serve across the world with approximately 9-10 month-long stops in each port. On board there is room for 154 patients and 600+ crew and medical staff. There are six surgery rooms for both medical care and educational training. The intention is to increase cooperation, training and education for health care personnel in the countries where the ship is active. The total deck area is approximately 30,000 m2 and the vessel is equipped with a school and kindergarten.

Since 1978 Mercy Ships has been engaged in health care with hospital ships.  Since 2007 the Africa Mercy has served in the world's poorest countries and this new ship will more than double their capacity to help those in need.

"We are extremely proud to be involved in this unique project. It is an initiative out of the ordinary where our flexible ship concept will be very useful" says Per Westling, Managing Director of Stena RoRo.

Development of the new, well equipped hospital ship is done in cooperation between several Asian and European companies. Besides Stena RoRo as project manager, Finnish company Deltamarin is responsible for developing the vessel design. The ship is being built at one of China's largest shipyards, the state-owned Tianjin Xingang Shipyard and Barry Rogliano Salles (BRS) in Geneva is the appointed shipbroker.

Atlantic Mercy will be based on Stena RoRo’s in-house RoPax concept “Stena Seabird”, certified as a passenger/cargo vessel for long international voyages with 500 passengers.

The hospital vessel will be classed by Lloyd's Register and fly the Maltese flag.

Africa Mercy, the existing vessel, is currently based off Pointe-Noire, Congo-Brazzaville. A report on Mercy Ships activity was recently shown on CBS "60 Minutes" www.cbsnews.com/videos/africa-mercy-hospital-of-hope-50141230/

For more information, please contact:
Per Westling, Managing Director, Stena RoRo
Tel: +46 31 855154
E-mail: per.westling@stena.com

Stena RoRo is one of the leading innovators of the roll on/roll off cargo and passenger concepts. Our products include vessels such as RoRos and RoPaxes.​ ​The company charters out a number of vessels to first-class operators all over the world and the clients are found both within and outside of the Stena Sphere. Stena RoRo are highly skilled and experienced in designing and converting vessels, combined with a unique knowledge of the market, to create tailor-made solutions for their demanding customers. This is called Stenability


Facts and figures for the Atlantic Mercy

Length: 174,10 m
Breadth: 28,6 m
Draft (design): 6,15 m
Gross tonnage: 37,000
Deadweight: 4.500 ton

Stena RoRo’s flexible RoPax concept “Stena Seabird” has been modified from a RoRo/Passenger vessel to a pure passenger vessel.

Examples of measures that have been taken:

  • The interior layout has been completely rearranged
  • The cargo handling equipment has been changed
  • The ventilation system has been adapted
  • The propulsion system has been adapted, i.e. diesel-electric is used instead of diesel-mechanical propulsion
  • The hull shape has been optimized

The vessel is equipped with 4 medium-speed diesel engines, waste heat boilers and silencers.

Bunkering is done with 4-6 months interval.

Provisioning (food, supplies, medicines, etc.) is supplied by the use of 2 x 40 foot containers every week.

The vessel is equipped with cranes for lifting aboard provision and cars used for land transport and other equipment.

High standards of performance for vibration- and noise levels have been met.

Hans Norén appointed Managing Director of Stena UK from 2014

London 16 September 2013

Hans Norén has been appointed Managing Director of the Stena UK Group. He will start in January 2014 when he leaves his current position as president of Concordia Maritime AB.

CEO and Owner of Stena, Dan Olsson, comments:
UK is becoming more and more important for our shipping activities. As chairman of Concordia Maritime I have worked with Hans for many years and I know that he besides good governance will bring vast and in depth knowledge of the shipping industry and financial markets to the UK group.

Deputy CEO of Stena, Staffan Hultgren, comments:
Today we have over 30 vessels flying the UK flag and I am convinced that the positive development of the group will continue as Hans now is joining.

Stena UK Group consists of a number of companies primarily involved in vessel leasing business with both external and Stena internal customers. Stena UK Group has grown significantly over the years and has today total assets of GBP 2.5 billion

Contact:
Staffan Hultgren, Deputy CEO, Stena +46 31 85 51 48

Sten Allan Olsson 1916 – 2013

Gothenburg 12.07.2013


Stena's founder, Ship-owner, entrepreneur and family man, Sten Allan Olsson has passed away at the age of 96 years old. He leaves behind his children Madeleine, Dan, Stefan and Christofer and their families.

Sten A. Olsson was one of Sweden's greatest entrepreneurs of all time. He was born in 1916 on the island of Donsö, in Gothenburg's southern archipelago. His childhood on Donsö was marked by close family feeling, responsibility, thrift and diligence, something that would characterise his personality and life. Sten A. Olsson's father, Gustav Olsson, was a major role model for his son. By the time he was 27 years old, he had bought a schooner, on which he was the master. And thus was born the young Sten Allan's dream, one day he would run his own business. The seed to Stena's success story was sown.

The first step was to get an education. He attended both Ljungskile Folk High School and the commercial college in Gothenburg. After various traineeships, and just 22 years old, he started his first enterprise, the trading company Sten A. Olsson Metallprodukter. Sten A. Olsson had a rare feeling combined with a talent for business. This, combined with hard work, thrift and honesty, made the business flourish. What had started as a small company in the scrap industry quickly grew under Sten A. Olsson's leadership. The shipping company was started in 1948 and during the 1950s it was operating 12 owned and 12 chartered freighters in costal traffic. Today, the Stena Sphere is a successful group of companies with operations spread all around the world.

Sten A. Olsson was not the type of director to sit on his laurels, far from the operations. Quite the opposite. He managed the businesses with a firm hand and worked hard and goal-oriented. 1962 was a crucial year in Stena's history. This was the year when Sten A. Olsson entered the passenger ferry business, on the Gothenburg-Skagen route. This was the start of Stena Line, which has grown into one of the world's largest ferry companies.

The original operations, today in the form of Stena Metall, have continued to grow and today they constitute one of the Nordic countries' largest recycling companies; Stena Fastigheter is one of Sweden's largest private property companies; Stena Bulk together with Concordia Maritime account for Sweden's largest tanker shipping business; Stena Drilling is Sweden's sole Swedish controlled business carrying out off-shore drilling for oil. Many other enterprises within the Stena Sphere, thanks to Stena A. Olsson's fundamental values, have remained successful and profitable.

So today, the Stena Sphere is one of Sweden's largest family owned groups of companies with more than 20,000 employees and a turnover of around SEK 60 billion.

As a businessman, Sten A. Olsson was innovative and known for taking decisions relying on his intuition combined with thorough and rapidly completed practical analysis. He was not afraid to go his own way and he had the courage to take difficult decisions. One of his mottos was: "Don't let setbacks get you down, get back on track. Fly low and far."

Nor did Sten A. Olsson forget where he came from and he kept his ideals from his upbringing on Donsö throughout his life. His leadership style was characterised by a practical philosophy: "You are never better than the information you have gathered." Which is why he could often be seen on the quayside talking to both customers and employees. For Sten A. Olsson, family and work was always centre stage and he had an engaging approach to his success and fame. For Sten A. Olsson, doing profitable business was both his work and his interest and sharing his successes through donations to charity and foundations was very close to his heart.

In connection with Sten A. Olsson's 80th birthday in 1996, the Sten A. Olsson Foundation for Research and Culture was founded. Through the foundation, the Stena A. Olsson family provide support to research and cultural activities, mainly in Gothenburg and western Sweden. Over the years, donations have been made to Chalmers, the Gothenburg School of Business, Economics and Law, the Art Museum, Göteborg Opera and Universeum.

A man with creative force has left us, but his lifework lives on. Or as Sten A. Olsson would have said: "As long as we live every day in the present and for the future, our journey will never end."

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STENA HAS LAUNCHED A NEW WEBSITE

Gothenburg 4 July 2013


We are delighted to announce that Stena AB has a new website. Here you can read about all of our activities, business areas and companies within the Stena Sphere and view great pictures and videos. The launch of the new website offers quick and easy access to essential information on everything you wish to know about Stena. We hope you will enjoy new stena.com.

Press Contact Information

Stena Line
Jesper Waltersson
Tel: +46 (0) 31 85 85 32
Mobile: +46 (0) 704 85 85 32
E-mail: press@stenaline.com

Stena Metall
Jörgen Andersson
Tel: +46 (0) 104 45 22 17
Mobile: +46 (0) 722 05 84 64
E-mail: jorgen.andersson@stenametall.se

Stena Fastigheter
Elise Berggren
Tel: +46 (0) 752 41 50 14
Mobile: +46 (0) 702 01 60 30
E-mail: elise.berggren@stena.com

Stena Main office
Tel: +46 31 85 50 00
Fax: +46 31 12 06 51