Leading tanker shipping company Stena Bulk is entering into a new partnership with an as yet unnamed “prominent Gulf Co-operation Council (GCC) investment institution” for the operation of an undisclosed number of the company’s existing IMOIIMAX tankers.
The new partnership will provide for the GCC institution to become 50% owners of part of the company’s IMOIIMAX tanker fleet alongside Stena Bulk. The joint venture, established in collaboration with Tufton Investment Management in London, will...
https://www.themaritimestandard.com/gcc-based-institutional-investors-enter-stena-bulk-partnership/