Stena Oil together with close shipowner OljOla AB, has placed an order for a newbuilt 5600 DWT bunker tanker. The vessel will be custom built for expected rise in demand when the upcoming IMO sulphur regulations enters into force in 2020. The vessel will be the largest in Stena Oil’s fleet.
It is our greatest pleasure to inform that our close cooperation with OljOla has resulted in a newbuilding contract with PaxOcean Group in China for an advanced 5600 DWT Oil Bunker Tanker. The project is a joint venture involving OljOla as owner with full technical management, Stena Oil as commercial operator and Stena Teknik which will manage the building process. Delivery is expected at the end of 2019.
– As new regulations are imposed in the marine market we will be ready to meet increased demand from our customers. The 2020 IMO sulphur regulations will introduce a new grade of max 0,5% sulphur in marine fuels so we see a need for more efficient distribution. This fourth main grade of marine fuel will demand high versatility and closed segregations both on our bunker tankers as well as at our bunker terminals. The bunker market in 2020 will be even more complex and challenging than today, so this new to our fleet will greatly aid us in developing our business and cost efficient transportation needs, says Jonas Persson, Managing Director of Stena Oil.
The design of the vessel has been developed with high focus on operational flexibility and a high environmental and safety profile. The philosophy behind the design is to use the operational advantages developed in our previous vessels and bring this to a larger sized bunker tanker, providing safe and efficient bunker operations anywhere at all times.
The new bunker tanker will have eleven cargo tanks and two slops tanks (washing water from cleaning of cargo tanks received from our customers). The total number of segregations will be six. The vessel will have diesel electric propulsion and will be equipped with modern exhaust cleaning technology that not only lowers emissions but also reuses the heat generated by the engines. The fuel used will be ultra low sulphur diesel and altogether the vessel will comply with the IMO Tier III NOx requirements
-Together we will ensure a good service to our clients when tighter regulations hit our customers. In combination with our new terminal in Frederikshavn we will have a strong and future proofed setup to support all bunkering needs of vessels travelling in our waters, says Jonas Persson.