Stena Sonangol Suezmax Pool

Stena Sonangol Suezmax Pool is a joint venture between the tanker owner Stena Bulk and the Angolan energy company Sonangol.

Reports

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Reports

 

Reports for the Stena Sonangol Suezmax Pool is presented here together with a list of the Quarter results.

2019-02-20
- Strong freight market during 4th quarter - Demand for oil remands strong - IMO 2020 will be positive for the large tanker market - High recycling kept overall fleet growth low in 2018 - Robust start of the year 2019 The seasonal Q4 uplift was increased by US exports...
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2018-11-08
- Challenging freight markets in the 3rd quarter, however improving rates in the 4th quarter - Demand for oil remands strong despite higher oil prices - Return of OPEC production bringing increased cargoes - Seasonal improvement in Q4 so far pushing rates ahead of expectation - IMO 2020 will be...
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2018-08-02
- Almi Voyager delivered into the Pool in May 2018 - Almi Galaxy delivered into the Pool in May 2018 - Almi Sky delivered into the Pool in June 2018 - Istanbul to be delivered into the Pool in early July 2018 The second quarter TCE returns were slightly higher...
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2018-04-20
- Nordic Rio delivered into the Pool in February 2018 - 1 vessel attended regularly scheduled drydock The first quarter TCE returns took a sharp downward correction compared to the fourth quarter of last year. The tanker rates suffered from low activity and high newbuilding deliveries and as a result...
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2018-01-24
- SKS Skeena delivered into the Pool in December 2017 - 2 vessels attended regularly scheduled drydocks The most interesting story going forward will be the U.S. Crude exports. U.S. crude exports expected to strengthen in 2018 amid robust demand from customers in Europe and Asia. Exports could reach 1.5...
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2017-10-05
- Densa Orca redelivered back to owners in July 2017 - 1 vessel attended regulary scheduled drydocks - Stena Surprise delivered into the Pool in August 2017 The Pool continues to operate at a high effeciency with 72.2% ship days earning revenue for the quarter as compared to 70.4% for a rolling 12 month average.
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2017-08-03
- Sonangol Cazenga delivered into the Pool in April 2017 - Sonangol Maiombe delivered into the Pool in June 2017 - Densa Whale redelivered back to owners in June 2017 - 2 vessels attended regulary scheduled drydocks The second quarter TCE returns took a sharp downward correction compared to the...
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2017-04-26
- Stena Suede delivered into the Pool in January 2017 - MonteStena and Amoureaux redelivered back to owners in March 2017 - 3 vessels attended regulary scheduled drydocks - 2 Sonangol new build vessels to enter the Pool during the 2nd quarter 2017 In the first three months of 2017,...
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Quarter results

Quarter

Revenue days

TCE/Revenue days

Q4 2018
2,089 days
26,343 US$/day
Q3 2018
2,062 days
15,967 US$/day
Q2 2018
1,829 days
14,750 US$/day
Q1 2018
1,642 days
13,616 US$/day
Q4 2017
1,529 days
19,303 US$/day
Q3 2017
1,527 days
14,383 US$/day
Q2 2017
1,689 days
17,083 US$/day
Q1 2017
1,685 days
24,719 US$/day
Q4 2016
1,697 days
24,882 US$/day
Q3 2016
1,724 days
20,794 US$/day
Q2 2016
1,639 days
33,953 US$/day
Q1 2016
1,633 days
36,561 US$/day
* TCE/Revenue day exludes owner's offhire, drydock, and unexpected owner items where vessel is not available to the Pool