Stena sphere
Encyclopedia
The Stena sphere consists of the three parent companies, Stena AB, Stena Sessan AB and Stena Metall AB, wholly owned by the Olsson family. Together they make up one of Sweden
’s largest family-owned corporate groups, the groups revenue was US$
6.55 billion in 2009. CEO of the group is Dan Sten Olsson.
Sten Allan Olsson (1916-) was son of the Skipper and shipowner Gustav Olsson (1876–1956) from Donsö
. In 1946 Sten Allan Olsson (1916-) bought his first vessel with a loan
of SEK
25,000 from Handelsbanken
, and the shipping business started on a small scale. At the beginning of the 1960s a ferry service started between Göteborg and Skagen
(Denmark
).
Over the years freight services using the company’s vessels became a significant part of the business. In 1972 the business was divided into two branches: Stena Line AB and Stena Metall AB. In the same year the Masthugg terminal in Göteborg was completed. The business continued to expand and at the end of the 1970s major investments were made in offshore and RoRo vessels.
Stena Fastigheter (Property) was founded in 1980. The tanker shipping company Stena Bulk was founded in 1982. Northern Marine Management, a management company for vessels that are not Swedish-flagged, was founded in 1983 and Sten Allan Olsson's (1916-) son, Dan Sten Olsson took over as CEO. Concordia Maritime was founded and listed on the stock market in 1984. During the 1990s the company expanded, including in offshore drilling.
By founding Stena Adactum at the beginning of the 2000s the Sphere was expanded to also include long-term investments in outlying business areas. Long Term Equity was founded in 2006 for long-term investments without ownership responsibility. A considerable number of the investments have focused on companies in the energy sector, including oil and offshore but also in alternative energy sources. At the beginning of the 2000s expansion also continued in offshore/drilling. Investments in the three oil drillships Stena DrillMax I, II and III, have been the Group’s biggest up until now.
The Stena sphere has made a profit every year since 1939 and has grown to include the largest ferry
company in the world.
between Sessan Line and Stena Line up to that time. One of its subsidiaries is;
It has operations in Sweden
, Norway
, Denmark
, Finland
, Poland
, Russia
, USA, Germany
, Czech Republik, Romania
, Italy
and Austria
.
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
’s largest family-owned corporate groups, the groups revenue was US$
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
6.55 billion in 2009. CEO of the group is Dan Sten Olsson.
History
The foundations to today’s Stena sphere were laid on 18 November 1939 when the Sten A Olsson Metallprodukter trading company was founded. In the following years the company expanded both inside and outside the country’s borders.Sten Allan Olsson (1916-) was son of the Skipper and shipowner Gustav Olsson (1876–1956) from Donsö
Donsö
Donsö is a small island in the Southern Göteborg Archipelago and a locality situated in Göteborg Municipality, Västra Götaland County, Sweden. It had 1,405 inhabitants in 2005.- References :...
. In 1946 Sten Allan Olsson (1916-) bought his first vessel with a loan
Loan
A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower....
of SEK
Swedish krona
The krona has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it, but especially in the past, it sometimes preceded the value...
25,000 from Handelsbanken
Handelsbanken
Svenska Handelsbanken AB is a Swedish bank.-History of Svenska Handelsbanken:The history of Svenska Handelsbanken goes back to 1871 when a number of prominent companies and individuals in Stockholm's business world founded Stockholms Handelsbank...
, and the shipping business started on a small scale. At the beginning of the 1960s a ferry service started between Göteborg and Skagen
Skagen
Skagen is a projection of land and a town, with a population of 8,515 , in Region Nordjylland on the northernmost tip of Vendsyssel-Thy, a part of the Jutland peninsula in northern Denmark...
(Denmark
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
).
Over the years freight services using the company’s vessels became a significant part of the business. In 1972 the business was divided into two branches: Stena Line AB and Stena Metall AB. In the same year the Masthugg terminal in Göteborg was completed. The business continued to expand and at the end of the 1970s major investments were made in offshore and RoRo vessels.
Stena Fastigheter (Property) was founded in 1980. The tanker shipping company Stena Bulk was founded in 1982. Northern Marine Management, a management company for vessels that are not Swedish-flagged, was founded in 1983 and Sten Allan Olsson's (1916-) son, Dan Sten Olsson took over as CEO. Concordia Maritime was founded and listed on the stock market in 1984. During the 1990s the company expanded, including in offshore drilling.
By founding Stena Adactum at the beginning of the 2000s the Sphere was expanded to also include long-term investments in outlying business areas. Long Term Equity was founded in 2006 for long-term investments without ownership responsibility. A considerable number of the investments have focused on companies in the energy sector, including oil and offshore but also in alternative energy sources. At the beginning of the 2000s expansion also continued in offshore/drilling. Investments in the three oil drillships Stena DrillMax I, II and III, have been the Group’s biggest up until now.
The Stena sphere has made a profit every year since 1939 and has grown to include the largest ferry
Ferry
A ferry is a form of transportation, usually a boat, but sometimes a ship, used to carry primarily passengers, and sometimes vehicles and cargo as well, across a body of water. Most ferries operate on regular, frequent, return services...
company in the world.
Stena sphere
In the mid-1990 Sten Allan Olsson (1916-) transferred his ownership of the Stena sphere to his children.- Dan Sten Olsson (1947-) - 51%
- Stefan Sten Olsson (1949-) - 24.5%
- Madeleine Olsson Eriksson (1945-) - 24.5%
Stena AB
Amongst its subsidiaries:- Stena LineStena LineStena Line is one of the world's largest ferry operators, with ferry services serving Scotland, Sweden, Northern Ireland, Denmark, Norway, England, Wales, Ireland, Germany, the Netherlands and Poland. Stena Line is a major unit of Stena AB, itself a part of the Stena Sphere, a grouping of Stena AB,...
is a Swedish ferry company operating ferries in the Baltic Sea, the North Sea and Irish Sea. The CEO of Stena Line is Gunnar Blomdahl. - Stena Drilling is a maritime drilling contractor based in Aberdeen. The managing director is Tom Welo.
- Stena Rederi AB supports and coordinates the shipping activities in Stena AB.
- Stena RoRo AB builds, purchases, sells and charters RoRo vessels. Many of Stena Line's vessels are owned by Stena RoRo. Stena RoRo has 200 employees and had sales of SEKSwedish kronaThe krona has been the currency of Sweden since 1873. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it, but especially in the past, it sometimes preceded the value...
592 million in 2006. Christer Schoug has been the managing director Since 15 May 2006. - Stena Bulk operates a fleet of tankers worldwide, Ulf G Ryder is the managing director.
- Stena Teknik is a central resource for expertise in ship building and ship conversions within the Stena Sphere. Technical Director is Harry Robertsson.
- Northern Marine Management is a ship management company and ship manning agency. Hugh Ferguson is the managing director.
- Stena Property owns 2.1 million m² and manages 300,000m ² of real estate in Sweden, the Netherlands, FranceFranceThe French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
and China. - Stena International B.V. is a, Dutch, property owning, subsidiary.
- AB Stena Finans is the treasury and asset management entity for the whole Stena organisation. Svante Carlsson is the Finance Director.
- Stena Adactum acquires and develops other companies. The managing director is Martin Svalstedt.
Stena Sessan AB
Sessanlinjen (Sessan Line) or G.F.L. (Göteborg-Fredrikshavns line) was purchased by Stena in 1980. It ended the severe competition that existed in the KattegatKattegat
The Kattegat , or Kattegatt is a sea area bounded by the Jutland peninsula and the Straits islands of Denmark on the west and south, and the provinces of Västergötland, Scania, Halland and Bohuslän in Sweden on the east. The Baltic Sea drains into the Kattegat through the Øresund and the Danish...
between Sessan Line and Stena Line up to that time. One of its subsidiaries is;
- Concordia Maritime AB which operates a fleet of 14 modern tankers.
Stena Metall AB
Stena Metall recycles and processes metals, paper, electronics, hazardous waste and chemicals. Its operations also include international trading in steel, metals and oil. It is the oldest part of the Stena Sphere having been founded on November 18, 1939.It has operations in Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
, Denmark
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
, Finland
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...
, Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
, Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
, USA, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
, Czech Republik, Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
, Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
and Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
.