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Furetank Announces Five-Year Time Charter Agreement with UK Ministry of Defence

Press release -

Furetank Announces Five-Year Time Charter Agreement with UK Ministry of Defence

Furetank is pleased to announce that we have entered into a five-year time charter agreement with the United Kingdom Ministry of Defence (MoD) Operational Energy Authority (OEA) for the delivery of Clean Petroleum Products (CPP) as per the ministry’s tender.

The time charter involves state-of-the-art intermediate tanker vessel Fure Vanguard, built in 2024 and owned by FureBear. It commences in January 2025. As part of the agreement, the vessel will be operated under British origin flag and crew will be of EU, NATO or Commonwealth Nationality.

We are delighted to establish this new business relationship with the MoD and honoured to serve the United Kingdom, a long-time close partner nation to Sweden, during the coming years.


FureBear is a joint venture between Furetank Rederi AB and Canadian shipowner Algoma Central Corporation, owning a fleet of climate efficient, dual-fuel intermediate product tankers trading mainly in North European waters.

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Furetank, based on Donsö in the Gothenburg archipelago, is a Swedish, family-owned shipping company active in tanker shipping since the early 1950’s. Furetank is a founding member of the Gothia Tanker Alliance: a market platform for small and intermediate product tankers, operating 40 vessels in European waters. We are not a giant but a leader – continuously striving to adopt green solutions for environment and climate.

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Björn Stignor

Björn Stignor

Press contact CEO - No advertisement sales calls or emails please - 0728591237

A Swedish shipping company: not a giant but a leader

Furetank, based on Donsö in the Gothenburg archipelago, is a Swedish, family-owned shipping company active in tanker shipping since the early 1950’s. Furetank operates our own vessels and is a founding member of the Gothia Tanker Alliance: a market platform for small and intermediate product tankers, operating 40 vessels in European waters. We are not a giant but a leader – continuously striving to adopt green solutions for environment and climate.

Furetank Rederi AB

Korsholmebacke 1
430 82 Donsö
Sweden