New Deal for Concordia

Concordia Maritime has just won a new contract with a major oil and gas company for a consecutive voyage charter arrangement for the P-MAX tankers Stena Provence and Stena Polaris.

The agreement is for 6 months initially and will run until the end of 2014.

“We are very proud to have concluded this deal and we are looking forward to continuing to develop this growing trade with refined petroleum products into the Asia Pacific with our business partner,” said Kim Ullman, CEO of Concordia Maritime.

The P-MAX tankers are particularly well suited for this trade with their extremely shallow draft design. Their LOA is 183 meters, the same as conventional MR tankers, but they have a beam of 40 meters enabling them to lift approx. 50,000 mt on 11 meters.

They also have a fully redundant propulsion system with two separate engines, steering machinery, rudders and propellers.

Concordia Maritime owns a fleet of ten P-MAX, one Suezmax tanker, as well as two IMO2MAX MR product tankers on order for delivery in 2014-2015.

May 29, 2014

 

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