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Stena Bulk resumes responsibility for LNG tankers

LNG Industry,

Stena Bulk has resumed the overall responsibility for the commercial operation and technical management of three liquefied natural gas (LNG) tankers – Stena Blue Sky, Stena Crystal Sky and Stena Clear Sky – from Stena LNG, effective 1st January 2014.

The vessels are signed to time charters for the next 2 to 3 years on favourable terms, and are subsequently expected to be signed to medium- to long-term charters.

CEO of Stena Bulk, Erik Hånell, commented: “For the last three years, we, that is Stena Bulk/Stena LNG together with Northern Marine Management, which has been responsible for the technical management, have built up a very good name in the LNG segment – an industry segment undergoing expansive development and one that we judge will be very interesting indeed in the next few years.

“The three existing tankers will form the basis of future projects. We are active and keep a sharp eye on all relevant projects in the market and we see what opportunities there are for investing and finding suitable industrial partners in the segment.”

In 2011, Stena Bulk invested in the three LNG tankers owned by the Taiwan-based shipping company TMT, and in May 2012, Stena formed a separate company, Stena LNG. Stena Bulk has now once more assumed the overall responsibility for the three LNG tankers.

Adapted from press release by Katie Woodward

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