STENA IMPULSE

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Stena Bulk acquires 100% of the shares in Stena Weco

Stena Bulk has agreed to purchase the remaining 50% of the shares in Stena Weco from its partner WECO Shipping. Stena Weco will thus be wholly owned by Stena Bulk. Stena Weco’s head office will remain as it is today in Denmark in addition to the regional offices in Singapore, Dubai and Houston. Within the agreement between Stena Bulk and Weco, WECO Shipping will continue to run their controlled fleet in the Stena Weco logistic system. Stena Weco currently operates around 65 vessels, about half of which are owned and half chartered.“After six very successful years and operational collaboration, the two companies’ ambitions for the future have changed. With the agreement now reached, which means that Stena Weco will be 100% owned by Stena Bulk, this situation has now been solved in a way that benefits both parties”, says Erik Hånell, President and CEO of Stena Bulk and CEO of Stena Weco. Source: Transport Weekly

Stena Weco Impulse delivered from shipyard in China

The chemical and product tanker Stena Weco Impulse, which is jointly owned on a 50-50 basis by Stena Bulk and the Danish Weco Group, has now been delivered from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME*) in Guangzhou. The Stena Weco Impulse, an IMOIIMAX tanker, is the sixth in a series of 13 vessels ordered by Stena Bulk. She is now en route to several Indonesian ports where she will load vegetable oils after which she will sail to Barcelona and Rotterdam to discharge her cargo. The naming ceremony will take place in Copenhagen in June 2016.