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Stena Bulk Sponsors World Cup Sailing in Lysekil Women's Match.

STOCKHOLM, Sweden -- The world's best will participate in Sweden's largest match racing event with Preem Petroleum as host and Stena Bulk together with Concordia Maritime as main sponsors. The Preem Lysekil Women's Match for the Stena Bulk Trophy will be inaugurated on 1 August and the races will take place on 2-6 August.

"After last year's victory in the trimaran sail racing competition Nokia Oops Cup, Stena Bulk has once again set its sights on sail racing. This time, together with Concordia Maritime as the main sponsors of the women's match racing event in Lysekil at the beginning of August when the Swedish summer is at its best", says Ulf G. Ryder, President and CEO of Stena Bulk. "The top names in women's match racing will come to the West Coast to compete for The Stena Bulk Trophy with prize money of around SEK 400,000. Visitors will have the opportunity to watch spectator-friendly match racing of world class", Ulf Ryder adds.

"Lysekil Women's Match is an event that is appreciated by both sailing enthusiasts and our employees and the competition means a lot for the Municipality of Lysekil. This makes Preem involvement in the races even more important as we are a big employer on the West Coast", says Michael G:son Low, President and CEO of Preem Petroleum AB.

Lysekil

Lysekil offers excellent conditions for match racing - sailing conditions are most often good and because of the currents, the competitors have to risk sailing close to the rocks. As a result, sail racing is very spectator friendly with the rocks as natural stands for the spectators. www.lysekilwomensrace.se

Participants

12 of the world's best match racing women- including the Swedes Marie Bjorling, Linda Rahm and Malin Millbourn -have accepted to compete.

Match racing

Match racing is the form of sail racing that is easiest to understand - at least for the spectators on the rocks. Only two boats to keep an eye on and the winner is the first boat to cross the finishing line. Normally, the boats sail twice round a course that starts with a windward tack and finishes in a following wind. How fast the boats sail round the course is thus unimportant. Crossing the finishing line first is all that matters. Here, the teams' tactical ability and skill are decisive.

The competition

The competition Preem Lysekil's Women's Match will be the only sailing competition on the West Coast this year. This will be the second time the competition is held. The first time, in 2004, it attracted the best sailors in the world and was seen

by 25-30,000 spectators. Preem Lysekil Women's Match for the Stena Bulk Trophy is organised by Sailnet Lysekil AB and Live Goteborg in cooperation with the yacht club Lysekils SS Gullmar (LSSG). The official host of Lysekil Women's Match is the oil company Preem with its main partners Stena Bulk AB and Concordia Maritime AB and Carpe Diem Beds of Sweden, Midroc Scandinavia and Lysekil Local Authority as partners.

Stena Bulk - With offices in five countries, Stena Bulk is one of the world's leading tanker shipping companies. Our resources include our own design department, which enables us to provide our customers with innovative solutions that meet their transportation and logistics needs. The company controls a fleet of around 70 tankers and is active in every segment of the tanker market. Stena Bulk is also responsible for the marketing and operation of Concordia Maritime's fleet.

Stena Bulk is part of the Stena Sphere, which has more than 13,000 employees and sales of SEK 34 billion.

www.stenabulk.com

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Publication:Business Wire
Geographic Code:4EUFI
Date:Jul 13, 2006
Words:612
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