The Stena Sonangol Suezmax Pool is set to increase its fleet by 20% as its leading partner has chartered four ships.

The shipowner's chief executive, Erik Hanell, confirmed that Stena Bulk has chartered four tankers on one-year deals starting in the the fourth quarter this year. The company is paying a relatively firm $25,000 per day.

Hanell said: “We have good faith in the market for 2021.”