Concordia Maritime Clinches Deal for a P-MAX Tanker

Swedish tanker shipping company Concordia Maritime has inked a new consecutive voyage contact for its Panamax (P-MAX) tanker Stena Polaris with an undisclosed partner said to be a large oil and gas company. 

The contract comes into effect in May 2016, with a duration of one year. Financial details of the contract were not disclosed.

“This is a new niche trade that we have identified together with our customer. The new contract clearly demonstrates that we have found an arrangement that creates value for all parties. The customer has a specific transport need for which the large load capacity of the P-MAX tankers will be well suited,” KIM Ullman, Concordia Maritime’s CEO notes.

The Stena Polaris is a 65,200 dwt vessel built in 2010. With its gross tonnage of 36,000 t, the tanker features a length of 182.9 meters and a width of 40 meters.

The company said that the vessel has been employed on one of the same customer’s niche trades to Australia and New Zealand since 2014. According to the company, the Stena Polaris is to be mainly used to transport light oil products from Singapore to island groups in the Pacific Ocean.

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

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
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

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >