Petrobras Hires Two MR Tankers from Stena Bulk

Stena ConquerorImage Courtesy: Stena Bulk

Brazil’s state-owned oil company Petrobras has signed a contract with Stena Bulk for the chartering of its MR product tankers Stena Conqueror and Stena Conquest.

The contract is for a term of two years and includes the option to extend the charters for another 11 months. The vessels will carry refined products along the Brazilian coast.

“We have a long-standing, highly-valued relationship with Petrobras when it comes to both Suezmax and MR tankers and we are committed to continue to provide them with safe and efficient deliveries. We also hope to expand our relationship in the future,” says Erik Hånell, CEO and President of Stena Bulk.

The charters are being announced on the back of the company’s fleet expansion with six Suezmax tankers over the past six months.

The ships have been chartered in despite rather difficult market conditions in the sector and Stena Bulk believes that more tonnage will be hired soon.

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