Stena Bulk forms joint venture with Japanese shipping company Asahi Tankers
Stena Bulk and Asahi Tanker Co have formed a joint venture company, Asahi Stena Tankers which will invest in tonnage of varying sizes. Initially the focus will be on investments in Suezmax tankers for global transportation of crude oil.Asahi Tankers owns and operates more than 100 vessels, mainly product and chemical tankers, transporting petroleum products ranging in size from coastal tankers to MR (Medium Range) tankers in domestic Japanese waters and the whole Far East market. Asahi, whose owners include large Japanese oil companies, trading houses and shipping companies, has very good