25 Jul 2007
Stena Bulk has been working with Teekay for several years, currently in the form of six shuttle tankers on long-term charters stationed in the North Sea and off the Brazilian coast. The crude oil tanker Navion Gothenburg, a 152,000 dwt Suezmax shuttle tanker with a double hull and a length of 275 m, is the latest addition. “We are very pleased to have expanded our excellent multiyear collaboration with Teekay and, additionally, to be able to strengthen our presence in South America with the charter to Petrobras. This will generate stable revenues on a long-term basis,” comments Ulf G. Ryder, President of Stena Bulk AB. * The bows of the tankers are modified to simplify offloading connections to storage vessels. A shuttle tanker sails in shuttle traffic between production facilities at sea, so-called FPSOs (floating production storage offshore) and refineries ashore. For further information, please contact: Ulf G. Ryder President & CEO, Stena Bulk AB Mobile: +46 704 85 50 01
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