Concordia, Stena Weco Charter Two MR Tankers

Illustration; Image Courtesy: Stena Weco

Swedish tanker shipping company Concordia Maritime and Danish tanker owner and operator Stena Weco have signed a contract for the chartering of two IMO2/3 class MR tankers.

Under a joint chartering arrangement, in which the parties each hold a 50 percent share, the vessels will be hired for one year with the charters running from June and July 2017.

The 2013-built ECO-design tankers will be operated by Stena Weco.

“The arrangement is fully in line with our fleet and chartering strategy. We are exploiting our ability to act quickly when the right opportunity arises – this time by taking positions counter-cyclically and further strengthening our position in the MR segment,” Kim Ullman, CEO of Concordia Maritime, said.

“With access to Stena Weco’s systems and networks, we are convinced that this will be a productive business arrangement,” Ullman added.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 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 31 1 2

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >