Stena Bulk is reorganising its business activities into three business areas: crude and fuel, products and chemicals and LNG and has appointed two new managing directors. At the same time, its business activities previously conducted under the name of Stena Weco are being coordinated and incorporated into Stena Bulk. Additionally, a new office in Copenhagen will be opened in the next few days. As a result, the company will leave its office in Rungsted, which until now has been used by Stena Weco.
“This is a natural transition from the old structure to the new one where we now have total control over our business involving product and chemicals transportation in the MR segment. This and other adjustments will result in a clearer structure as regards our business and organisation”, said Erik Hånell, president and CEO of Stena Bulk.
The two new managing directors are Mats Karlsson who’ll be heading up the crude and fuel division and Johnny Schmolker who is taking charge of the new products and chemicals division.
Earlier this year, Stena Bulk signed an agreement to acquire the remaining 50% of the shares in Stena Weco from its partner Weco Shipping. This means that Stena Weco has now been incorporated into, and is wholly owned by, Stena Bulk. Together with Stena Weco’s fleet of 65 tankers, Stena Bulk operates around 100 tankers. A third of these are owned and two-thirds are chartered.