Concordia Maritime

Environmental & Social Information • Jun 16, 2009

Press release

16 June 2009

Stena Bulk – the winner of the first "Clean Innovation Award" at Nor-Shipping in Oslo

The Clean Innovation Award winner is Stena Bulk AB, Gothenburg in recognition of exceptional efforts to develop new products and services, like the Stena E-MAXair, that contribute to the environmental performance of the world's merchant fleet. The Stena E-MAXair gas-electric driven chemical tanker project utilizes features such as an unconventional forward body design and strategic use of air cavities, translating into an estimated total reduction of COx emissions of 35 to 40 per cent.

"The E-MAXair is probably the greenest tanker in the world. It is of course fantastic to receive this award, not least to be able to help address the climate threat," says Ulf G. Ryder, President & CEO Stena Bulk AB. "Stena has a truly great Technical Division. This award is really theirs, with all naval architects who have contributed to the project," says Mr Ryder.

The main focus of the Stena E-MAXair concept is on

dramatically reduced energy consumption and emissions and full redundancy with double engines, double steering gear and double navigation systems. She will still do an equally good, if not better, job as existing intermediate tonnage and will have ice class 1A. She will, of course, be built in accordance with the Stena MAX concept regarding redundancy, safety and large cargo intake on a shallow draft.

Particulars:
Dwt	16,400 tons
Length	$158 \text{ m}$
Breadth	$23 \text{ m}$
Co x	35-40% less than conventional vessel same size
NO x	90% less than conventional vessel same size
$SO_{x}$	None
Particles	99% less than conventional vessel same size

According to Tollef Schiander, Director of Nor-Shipping, "The Clean Innovation Award will serve to support environmental efforts and reward any company with the vision and expertise to develop good environmental solutions. Despite concerns about the global economy, the industry is beginning to understand that managing climate change issues remain a long-term challenge. The Award has been established to honor achievements in this area."

For more information, please contact:

Ulf G. Ryder President & CEO Stena Bulk AB Tel +46 31 855001 Mobile +46 704 855001

Stena Bulk – With offices in seven countries, Stena Bulk is one of the world's leading tanker shipping companies. Our resources include our own design department, which enables us to provide our customers with innovative solutions that meet their transportation and logistics needs. The company controls a fleet of around 75 tankers and is active in every segment of the tanker market. Stena Bulk is also responsible for the marketing and operation of Concordia Maritime's fleet. Stena Bulk is part of the Stena Sphere, which has more than 17,500 employees and sales of USD 6.5 billion www.stenabulk.com