GÖTEBORG, Sweden, Jan. 10, 2018 /PRNewswire/ --
As an important part of fleet positioning ahead of the
progressively stronger market that is expected, Concordia Maritime
has chartered in two more MR (ECO) vessels, while also extending
the contracts for two of the currently chartered MR (ECO) vessels
by a further year. In parallel, a contract to charter out the P-MAX
tanker Stena Performancehas also been signed.
The contractual partner is a large global oil company and the
vessel will be used primarily for niche traffic in the Middle East.
As with previous charters, these latest contracts are joint
charters with Stena Bulk, and Concordia Maritime's share amounts to
50 percent. The vessels will be operated by the successful MR pool
within Stena Bulk Product & Chemicals (formerly Stena Weco).
The contract for Stena Performance is for six months, with
an option for a further six months, and runs from January 2018.
"We are acting based on our firm belief in a progressively
stronger market from summer 2018 onwards. By chartering in a total
of six vessels (50% each), we have now increased earning capacity
significantly in a short period. At the same time, we continue our
efforts to identify niche trades for our P-MAX vessels, where their
unique properties are particularly beneficial. The new P-MAX
contract is a good example of this. For our part, the contract
means that we secure employment for the vessel for six months
ahead, at a level clearly above the market and standard
vessels," says Kim Ullman, CEO
of Concordia Maritime.
CONTACT:
Kim Ullman
CEO
Concordia Maritime AB
Tel +46-31855003
Mobile +46-704855003
Email kim.ullman@concordiamaritime.com
Ola Helgesson
CFO
Concordia Maritime AB
Tel +46-31-855009
Mobile +46-704-855009
Email ola.helgesson@concordiamaritime.com
This information was brought to you by Cision
http://news.cision.com
http://news.cision.com/concordia-maritime/r/further-positioning-for-expected-market-upturn--more-mr--eco--vessels-chartered-in-and-p-max-vessel-,c2428987
The following files are available for download:
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SOURCE Concordia Maritime