Stena Bulk is reorganising its business activities into three areas and will open a new office in Copenhagen, Denmark.
The tanker shipowner’s new business structure will be in the three areas of crude and fuel, products and chemicals, and LNG.
With a new office in Copenhagen opening in the next few days, Stena Bulk will leave its office in Rungsted which until now has been used by Stena Weco.
At the same time, its business activities previously conducted under the name of Stena Weco are being coordinated and incorporated into Stena Bulk.
Stena Bulk president and chief executive Erik Hanell said: “This is a natural transition from the old structure to the new one where we now have total control over our business involving product and chemicals transportation in the MR segment. This and other adjustments will result in a clearer structure as regards our business and organisation.”
Stena Bulk has also appointed two new managing directors – Mats Karlsson for crude and fuel and Johnny Schmolker for products and chemicals.
Earlier this year, Stena Bulk signed an agreement to acquire the remaining 50% of shares in Stena Weco from its partner WECO Shipping, making Stena Weco wholly-owned by Stena Bulk.
The combined fleet of Stena Weco and Stena Bulk stood at around 100 tankers with a third of these owned and two-thirds chartered.