Stena Bulk charters four newbuild MRs from Japanese owner

The first pair of vessels, Stena Continent and Stena Conquest, will be delivered from Hyundai Mipo by the end of 2025, and will be followed by Stena Contender and Stena Concept in 2026.

The latest deal follows the blueprint of a similar deal in 2022 when Stena Convoy and Stena Conductor were delivered to a South Korean yard and chartered from a Japanese owner.

Erik Hånell, President & CEO of Stena Bulk, commented: “Our long-term fleet expansion strategy always requires us to act flexibly and intelligently with the best interests of our customers at the forefront. The current landscape of costly short-term time charters means we need to think differently, which is why we are proud to sign these four long-term newbuild charter deals.”

The four tankers will all be built to Hyundai Mipo’s eighth generation MR tanker design, and will consume 15 tonnes of fuel per day at 13 knots laden, said Stena Bulk, supporting the company’s environmental commitments. The vessels will all be fitted with scrubbers.

“The market-leading sustainability performance of these vessels will help to underpin our sustainability strategy, but the stability that these long-term deals afford will create assurance for our customers globally.”