Leading tanker shipping company Stena Bulk has confirmed that it is in the final stage of executing its plan to reflag five of its Suezmax tankers under the Swedish flag.
These vessels will either be delivered with wind propulsion systems installed or prepared for future integration, using technologies from various suppliers such as Norsepower.
Russia assembled a fleet of about 700 ships to help keep its oil moving in the face of western sanctions, but many operate with opaque ownership structures, calling safety standards into question.
