PaxOcean awarded newbuilding contract from Stena Oil

Dec 19, 2017

PaxOcean has secured a contract from new customer, Stena Oil to build one unit 5,600 DWT product tanker with an option to build an additional unit. This marks the Group’s first partnership with one of the world’s leading tanker owner in Europe.

The diesel-electric driven double hull tanker measures 100 meters in length and 19 meters in breadth, will be built to Finnish-Swedish ice class 1B notation and classed by DNV GL.

The vessel with Hull No. PX1100 will be built in PaxOcean Zhuhai, China with delivery expected in Q4 2019. PaxOcean Zhuhai yard is currently constructing two units 5,000 DWT product and chemical tankers for an Asian owner, scheduled for delivery in Q3 2018.

About Stena Oil AB

Founded in 1980, Stena Oil forms a part of the Stena Metal group which is part of the privately owned Stena Sphere. The Stena Sphere has developed into one of the largest group of companies in Sweden with businesses covering one of the world’s largest ferry-line and tanker operators, offshore drilling, shipping, property, finance, recycling and others.

About PaxOcean Zhuhai

Spanning 20 hectares, PaxOcean Zhuhai is located in Guangdong, China. The modern and well-equipped yard is specially configured with three fully covered launchways specializing in the construction of high specification offshore support vessels. Our continuous growth in our extensive track record of building Anchor Handling Tug/ Supply vessels, Offshore Construction vessels and tugboats demonstrate our capability and expertise in delivering quality projects on-time.

For more information, visit us at www.paxocean.com