August 18, 2009 - Assignment

Stena Bulk in joint venture with Asahi Tankers

Mannheimer Swartling has advised Stena Bulk AB in its new joint venture with Japanese shipping company Asahi Tankers. The joint venture company, Asahi Stena Tankers, will be owned 50/50 by the parties and will invest in tonnage of varying sizes, initially focusing on Suezmax tankers for global transportation of crude oil.

Stena Bulk, one of the world’s leading tanker shipping companies, has a fleet of around 75 tankers and is also responsible for the marketing and operation of Concordia Maritime’s fleet. Stena Bulk is part of the Stena sphere, which has more than 17,500 employees and sales of USD 6.5 billion.

Mannheimer Swartling partners Johan Ljungberg and Fredrik Andersson handled the matter and were assisted by Hanne Aarsheim.