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“Oil is the future”

Around 1950 Sven Salén builds a close business relationship with Jim Watts at Chase Manhattan Bank in the USA, and learns from him what the bank believes about future oil consumption and the transportation of oil. In 1951 Sven Salén therefore orders his first oil tanker, the 16,500 ton “Dagmar Salén”. Tanker shipping grows during the 1950s and in 1958 the 40,000 ton “Sven Salén” is delivered and is the Swedish merchant fleet’s biggest ship and the biggest of its type in the world.

By the end of the 1960s competition is fierce, but the Salén Shipping Company is one of the biggest tanker shipping concerns in the world and the tanker division dominates the company’s turnover and profits. In October 1969 the 210,000 ton “Sea Sovereign” is launched which is at the time, Sweden’s biggest ship. In the personnel newspaper Sven Salén calls the event “the Swedish merchant fleet’s entry into the mammoth era”.