Stena Bulk Charters Out Two MR Tankers to Petrobras

GÖTEBORG, Sweden, Sept. 7, 2018 /PRNewswire/ -- Brazil's state-owned oil company, one of the world's fastest-growing energy companies, has signed a contract with Stena Bulk for the chartering of its MR product tankers Stena Conqueror (47,000 dwt, built in 2003) and Stena Conquest (47,000 dwt, built in 2004). The contract is for a term of two years and includes the option to extend the charters for another 11 months. The vessels will carry refined products along the Brazilian coast.

"We have a long-standing, highly-valued relationship with Petrobras when it comes to both Suezmax and MR tankers and we are committed to continue to provide them with safe and efficient deliveries. We also hope to expand our relationship in the future," says Erik Hånell, CEO and President of Stena Bulk.

"As part of our business strategy, we continue to cater for Petrobras' shipping requirements as a preferred customer and logistical partner of Stena Bulk. Over the years we have developed a close working relationship and our latest commitment of time chartering out the Stena Conqueror and the Stena Conquest are good examples of our continued efforts of supporting Petrobras throughout their supply chain," comments Claes Leschly Bang, General Manager & Head of Stena Bulk Products & Chemicals USA.

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 110 vessels. Stena Bulk is part of the Stena Sphere, which has more than 20,000 employees and sales of SEK 60 billion. www.stenabulk.com

For further information, please contact:
Erik Hånell
President & CEO
Stena Bulk AB
Mobile: +46-704-855-002
erik.hanell@stenabulk.com

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