Sweden’s Stena AB is prepared to fight to hang on to its position in changing markets.

The giant Olsson family-controlled tanker, LNG carrier and ro-ro group’s annual report reveals a dip in pre-tax earnings for 2023, to SEK 2.9bn ($263m) from SEK 3.53m the year before.

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But chief executive Dan Sten Olsson said: “Excluding the profit from a ship sale, Stena AB still delivered by and large the same profit in 2023 as in 2022.”