Stena AB Annual Report 2023

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In 2023, Stena Line’s diversified business model once again proved resilient in a disruptive global world. Financial performance was strong and liquidity developed positively. The Stena Group is more stable than ever before. Excluding the profit from a ship sale, Stena AB still delivered by and large the same profit in 2023 as in 2022.

Stena Line

  • Share of the Groups total income: 34%
  • Total Income: MSEK 18,900 (17,500)
  • In 2023, the European market was characterised by considerable turbulence due to high inflation, recession and war in the nearby region. These complex market conditions had significant impact on Stena Line’s cost structure. Despite these challenges, Stena Line managed to deliver a result that exceeded expectations.
  • In 2023, Stena Line made investments in ports to further strengthen its role as a leading player in European infrastructure. The company is the leading ferry operator in the Irish Sea. In this expansion area, Stena Line signed long-term agreements to operate the ports of Heysham and Birkenhead in the UK until the year 2100. The company also signed an agreement for the construction of a new port in Immingham.
  • Stena Line saw increased employee satisfaction and participation in surveys, emphasizing the importance of diverse representation and fostering an inclusive workplace culture.

Stena RoRo

  • Share of the Groups total income: 2%
  • Total Income: MSEK 1,100 (6,500)
  • Stena RoRo’s result was supported by the last decade’s long-term investments in the development of the E-flexer hybrid vessels, which have set a completely new sustainability standard in the RoPax segment. The strategic investment in these vessels makes Stena RoRo well-positioned in terms of meeting the new environmental requirements for shipping from the EU and IMO. This is already a strong competetive factor which is expected to increase in importance in the future.
  • Stena RoRo has so far ordered 13 Stena E-Flexer hybrid vessels. Nine of these have been delivered and two more will be delivered in 2024.
  • During 2023, Stena RoRo received orders from Stena Line for two new freight ships, known as New Max.
  • Stena RoRo sees a great potential for old vessels to be deployed for a new function, as accommodation vessel.

Stena Sphere

The Stena Sphere consists of the three parent companies, Stena AB, Stena Metall AB and Stena Sessan AB. A total of 22,000 people are employed in the Stena Sphere. Total income for 2023 was SEK 96 billion. Profit before tax amounted to SEK 4.3 billion.

Click on cover to access the annual report

The future of the Channel Islands ferry services might look different

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DFDS has asked Incat to conduct a design study for a hybrid-electric ferry intended to be deployed for the Channel Islands, if DFDS wins an upcoming tender for the future ferry services on the Islands.

The 72-metre ferry, which will have the option to convert to fully electric, is suited to a number of ferry routes across Europe, says Incat (press release Incat).

The design study will analyse various specifications incl. capacity, propulsion, layout of passenger areas, etc. In terms of propulsion, DFDS expect to focus on a hybrid solution until sufficient charging infrastructure is available in the relevant ports.

“We know that battery electric or electric-hybrid propulsion coupled with lightweight aluminium on shorter sea routes will be the ideal choice to cut emissions, and it’s great to see major operators such as DFDS sharing in our goal to shape the future of decarbonisation in maritime transport.”

Incat CEO Stephen Casey

“The hybrid electric ferry will be part of our vision for the future ferry solution for the Channel Islands. Electrification of short sea routes is the future, and with the design study we can fast-track the green transition ushering in a new era of low-emission maritime transport. This will not be easy. We need to ensure a sufficient power supply on land and infrastructure to accommodate recharging facilities in ports. But I am confident that we can work together with the ports, governments, and communities on the Channel Islands to make this happen.”

Torben Carlsen, CEO of DFDS

About the tender for ferry services to the Channel Islands:

  • The tender has not been launched yet, although it was expected in April.
  • In January the governments of Guernsey and Jersey announced they were looking for expressions of interest for ferry companies to run services to the islands.
  • Current operator is Condor Ferries(see route map). It has an agreement with Jersey and memorandum of understanding with Guernsey to provide services until 2025.
  • Condor Ferries has Brittany Ferries as shareholder, and Brittany Ferries CEO Christophe Mathieu is interim CEO for Condor Ferries too.
  • Last year DFDS RoRo Finlandia did berthing trials in St Peter Port and St Helier.
  • This month, Brittany Ferries’ RoPax Barfleur did similar trials.
  • People at a small public meeting organised by DFDS said they wanted a reliable ferry service to the UK on a conventional ferry, and that Saint-Malo is the preferred port on the French side. (source: BBC)

RoPax Galaxy returns on the Brindisi-Valona line

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It is reported that A-Ship Management’s RoPax Galaxy will serve on the Brindisi – Valona line as from May 1, 2024.

The ship (1979) was chartered to Caronte & Tourist from March 2023 to December 2023 and served on the Porto Embedocle – Lampedusa route, replacing successively the Italian company’s ferries during their annual refit.

Galaxy underwent her annual maintenance refit at Perama Repair Zone from February to April 2024. She is currently at the Port of Brindisi.

Photo: Kostas Papadopoulos

P&O Ferries must navigate legal changes

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President of Brittany Ferries, Jean-Marc Roué, has posted on his X-account a screenshot of a letter written by “Philcrew Management PTE Ltd” to the seafarers of the Dover-Calais ships. Philcrew is a maritime crew management company for P&O Ferries.

The subject is the new French law that obliges ferry operators between the UK and France to pay their crew at least the French minimum wage. This law applies to all ships making at least 120 calls a year in French ports. The law comes into force in June 2024.

Under the new regulation, the maximum duration of embarkation is up to 14 days. It also specifies that the duration of the consecutive rest on land will be at least equivalent to that of the embarkation.

The Philcrew letter states, “We expect that our crew scheduling model will soon be adjusted to provide for 2 weeks on and 2 weeks off to accommodate the new French law requirement.

“The upcoming changes in regulations directly affect our operations and crew arrangements, particularly impacting our crew members from Asia and those required to undertake extensive travel periods.”

Link to the relevant document about the social dumping. (in French)

Note: In July 2023, a voluntary charter for the protection of seafarers in the cross-Channel sector has been signed by DFDS, Condor Ferries, Stena Line and Brittany Ferries.

Brittany Ferries will shortly confirm details of a third weekly return-ferry-crossing connecting Rosslare and Cherbourg

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The service will depart Rosslare on a Tuesday destined for Cherbourg, complementing weekly departures on Cotentin and Salamanca. That means Brittany Ferries will offer three weekly departures from Rosslare.

“We still have some work to dot the I’s and cross the T’s for the ship and schedule,” explained Kristof Wuytack, freight director Brittany Ferries. “However we want to be sure we hit the ground running when the ship first arrives in port. This positive step continues to strengthen our offer to the Irish market, as growth in freight traffic on Ireland to France routes continues post-Brexit.”

In addition to services operating from Rosslare, Brittany Ferries operates two weekly Cork-Roscoff rotations. The company has massively grown the direct Ireland-France market since 2021 and has re-affirmed its commitment to freight and passenger traffic.”

Tallink Grupp takes another step towards more sustainable vessel operations with nauticAi electronic logbooks

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Tallink Grupp has recently rolled out nauticAi’s electronic logbook solution across its entire fleet, following a successful prototype development and pilot process of the system on the company’s Paldiski-Kapellskär cargo vessel Sailor in 2023.

The new solution enables the company’s vessels to log a whole range of data electronically instead of physical traditional paper logbooks, including fuel consumption data, garbage data, ship’s radio watch data, ballasting operations, fuel bunkering operations and so much more. The new electronic solution shares data with on shore back-office support functions, making real-time vessel and voyage data available for everyone who needs it in the company for better ongoing monitoring and operational efficiencies and improvements.


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Were Scotland’s new gas-powered ferries a bad choice? That is the question asked by the BBC, in a very comprehensive article.

Grendi Group has finalised the purchase of the former RoRo Wedellsborg, owned by Navco, 51% owned by Grendi Trasporti Marittimi and 49% by Finaval.

The third ship in the Grendi Group’s fleet will be called Grendi Futura.

Corsica Marina Secunda, is she the last survivor of the Rickmers series of ferries?

She was spotted in Toulon (La Seyne). A few days ago Moby Vincent was beached (ex Stena Normandica), and Sardinia Vera (ex Stena Atlantica) is awaiting her fate in the port of Vado Ligure.

Corsica Marina Secunda, is she the last survivor of the Rickmers series of ferries?

She was spotted in Toulon (La Seyne). A few days ago Moby Vincent was beached (ex Stena Normandica), and Sardinia Vera (ex Stena Atlantica) is awaiting her fate in the port of Vado Ligure.