Concordia Maritime Inks Charter for P-MAX Tanker

Image Courtesy: Concordia Maritime

Swedish tanker shipping company Concordia Maritime has signed a contract to charter out its P-MAX tanker Stena Paris to an unnamed party, described as “one of the world’s largest oil and gas companies.”

The contract is for one year, with an option for a further year, and runs from July 2017 to July 2018, Concordia Maritime said.

As informed, the 65,200 dwt Stena Paris has been used by the same company since 2013 for consecutive transportation of refined petroleum products, mainly in the Asia Pacific region.

“Our customer has a specific transport need for which the large load capacity of the P-MAX concept will be well suited. For our part, the contract means that we secure employment for the vessel for a further year at a fixed rate,” Kim Ullman, CEO of Concordia Maritime, commented.

“This is fully in line with our aim to concentrate employment on niche trades where the P-MAX vessels’ … properties are most beneficial. And given the challenging market conditions at the moment, we are pleased with the level of the contract,” Ullman added.

Built at Croatian Brodosplit Shipyard in 2005, the ship flies the flag of Bermuda.

Concordia Maritime’s fleet consists of ten P-MAX product tankers, two newly built IMOIIMAX chemical and product tankers, and one Suezmax tanker.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

INMEX SMM India 2017

Combining the forces of Maritime industry’s two biggest events, the unified edition of INMEX SMM India brought together the most exclusive…

read more >

LIQUEFACTION OF BULK CARGOES SEMINAR

GET TO GRIPS WITH:
– Mechanisms behind liquefaction
– Guidelines and regulations for bulk cargoes prone to liquefaction…

read more >

Seatrade Offshore Marine & Workboats Middle East

The largest event for offshore marine and workboat sectors in the region, Seatrade Offshore Marine & Workboats Middle East will, once again, serve as a meeting point for international industry professionals to come together and do business. Our 2017 show promises a wealth of networking opportunities, high-level discussions in our conferences on important industry trends, […]

read more >

The Future-Ready Shipping Conference 2017

The Future-Ready Shipping Conference 2017 – the joint Singapore-IMO International Conference on Maritime Technology Transfer and Capacity-Building…

read more >