Stena and Angolan oil Sonangol add new member to Suezmax Pool

AD Ports Group’s Safeen Feeders has joined as a new member the Stena Sonangol Suezmax Pool, a joint venture between tanker shipping company Stena Bulk, and the Angolan state-owned oil company, Sonangol, adding one ship to the pool.

The pool established in 2005, currently has around 20 high-quality and fuel-efficient suezmax tankers, according to its website.

Stena Bulk and its Angolan state oil company partner said the Safeen Elizabeth, one of Safeen’s vessels, a 2011-built 158,000mt suezmax, joined the Stena Sonangol Suezmax Pool in Kalundborg, Denmark.

This addition to the pool “will help to strengthen its global network and connectivity,” Safeen Feeders says.

The pool uses the Orbit MI platform to monitor, optimise, and plan day-to-day operations.

It also enables long-term strategic positioning, fostering continuous enhancement in fleet utilisation and performance.

As is it claimed by the pool, “this collaborative data-sharing platform not only bolsters transparency with charterers but also underscores a dedicated commitment to innovation and sustainability.”

Johan Jäwert, co-pool manager of the Stena Sonangol Suezmax Pool and head of Stena Bulk USA, said: “We restructured the pool in 2020 to be more of an open pool with equal saying for each pool member joining the pool, and we are now happy to see more pool members joining.

“With the volatile and strong market we have seen the last couple of years, we believe that the pool continues to be the concept to make sure strong and stable earnings are secured throughout the market’s cycles.”

Aderito Pereira, co-pool manager of the Stena Sonangol Suezmax Pool, pointed out: “With the inclusion of SAFEEN Elizabeth, we aim to create significant value for both SAFEEN and Stena Sonangol, exemplifying the strength of our partnership.”