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>

<< Apr 2018 >>
MTWTFSS
26 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
30 1 2 3 4 5 6

Europort 2018

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

read more >

Singapore Maritime Week 2018

Singapore Maritime Week (SMW), organised annually by Maritime and Port Authority of Singapore (MPA) and attracts…

read more >

DANISH MARITIME TECHNOLOGY CONFERENCE 2018

DMF is part of the “Danish Maritime Days” – a concept, which integrates under the same umbrella a multitude of activities dedicated…

read more >

OPENING OCEANS CONFERENCE 2018

This conference brings together the maritime industry and the emerging ocean industries to discover common pathways for sustainable…

read more >