Profitability highest when Stena Bulk is hottest in the frozen Baltic
With the record cold December winter taking an early stranglehold on the Baltic Sea, Stena Bulk’s profile as the market’s safest and most reliable tanker shipping company has become even more distinct and profitable.
“Right now we are the largest independent ship owner with ice-strengthened tonnage. Eight of the 12 largest tankers we have in service have the highest ice class, IA. Our customers know that we know more about shipping in icy waters than anybody else”, says Ulf G. Ryder, Stena Bulk’s CEO and President.The record cold December weather put additional pressure on oil