May 8th, 20190Swedish shipping group Erik Thun has announced that the company has appointed Johan Källsson as the new managing director for the group, after his uncle Anders Källsson decided to step down. The company said it is a logical step in the ongoing process of handing over to the next generation. Johan Källsson and his cousin Henrik...
April 23rd, 20191Scandinavia has a new shipowner. Wallenius SOL has started operations this month out of Gothenburg as a joint venture between two local owners, Wallenius and Swedish Orient Line (SOL). The new company will transport forestry products and other goods in a network covering the Gulf of Bothnia, the Baltic Sea and the North Sea. The...
April 3rd, 20190Sweden’s Furetank Rederi has signed a contract with AVIC Dingheng Shipbuilding for a 17,999 dwt dual fuel product tanker. The vessel is the same design as a series of newbuilds built by the yard for Furetank, Älvtank and Erik Thun. It is scheduled to be delivered in the fourth quarter of 2020, and the contract includes an option...
March 19th, 20190Swedish owner Stena Bulk has made an investment for the installation of scrubbers on 16 tankers in its fleet before January 2020 in order to comply with the upcoming IMO regulations on sulphur emissions. Total investment on the project is $55m including equipment, installation and time out of service. The company expects payback time...
March 6th, 20190Stena Bulk has hailed its entrance into the chemical sector as having surpassed all expectations. The Swedish owner’s fleet of 13 so-called IMOIIMAX MR vessels have been on the market for a year, with the company claiming yesterday they have been a notable success both in terms of performance as well as business. An IMOIIMAX tanker has...
March 6th, 20190Norwegian offshore ship operator Viking Supply Ships has announced that the Swedish Economic Crime Authority is investigating possible insider trading in the company's shares. Several people are being investigated, including a former employee of Viking Supply Ships. "VSS is in contact with the Swedish Economic Crime Authority and...
February 21st, 20190Offshore driller Stena Drilling has been awarded a contract by partners involved in the Orinduik Block, offshore Guyana, for the hire of its 2009-built drillship . The drillship is currently drilling off West Africa and it will be mobilised for the new contract at the end of May. The contract also include an option for a second...
February 13th, 20191Swedish shipping is setting out to be ahead of the pack when it comes to decarbonisation. The Swedish Shipowners’ Association has outlined plans to be fossil fuel free by 2045, five years’ ahead of current IMO decarbonisation targets. The association is developing a roadmap to net zero greenhouse gas emissions in partnership with...
January 16th, 20190Stena Rederi, a shipping unit of Swedish shipping group Stena AB, and Glovis Europe, Hyundai Glovis' German subsidiary, have filed an application with the EU seeking approval to form a joint venture. According to the application the two companies will create a new joint venture company to operate short sea transport services for pure...
December 19th, 20180Concordia Maritime is selling the positions it took in four chartered-in suezmax tankers in a move which will see it pocket around $5.3m. The company chartered the vessels in on a 50-50 basis with Stena Bulk earlier this year, three vessels in May and an additional vessel in July, placing them in the Stena Sonangol Suezmax...
