Stena Bulk has acquired the remaining 50% of the shares in Stena Weco from WECO Shipping. Stena Weco was established at the beginning of 2011 as a joint venture between Stena Bulk and WECO Shipping. Stena Bulk now takes full ownership of Stena Weco. Stena Weco specialises in the transportation of vegetable oils, chemicals and oil and petroleum products and is one of the largest global carriers with offices in Copenhagen, Houston, Dubai and Singapore. Its goal is to be a market-leading player in the MR tanker segment, known for first class seaborne solutions.
Stena Bulk, one of the world’s leading tanker shipping companies, have offices in six countries and controls a combined fleet of around 100 tankers. Stena Bulk is part of the Stena Sphere, which has more than 20,000 employees and sales of SEK 60 billion.
Stena Bulk was advised by Mannheimer Swartling in the transaction.