Concordia Maritime Inks Charter for P-MAX Tanker

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>

<< Feb 2020 >>
MTWTFSS
27 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 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >