GÖTEBORG, Sweden, May 25, 2018 /PRNewswire/ -- As a further step
in fleet positioning ahead of the gradually stronger market that is
expected, Concordia Maritime has decided to participate in three
suezmax tankers chartered in by Stena Bulk.
The 158,000 dwt vessels were built in Korea in the period
2012-2014. The contracts are for 12 months, with an option to
extend until the end of 2019. After delivery in May and July, the
vessels will be employed on the spot market through the successful
Stena Sonangol Suezmax Pool. Concordia Maritime's share in the
vessel charters is 50%. The contracts also include a profit-sharing
clause with the contractual partner.
"We continue to act based on our belief in a progressively
stronger market from autumn 2018 onwards. By chartering in the
three suezmax tankers, we also strengthen our presence in the crude
oil tanker segment and continue to increase our earning capacity.
The weak market means that we could enter into the contracts at
favourable terms. In purely operational terms, we know the vessels
well, as they have earlier been employed in the Stena Sonangol
Suezmax Pool. This is obviously a reassuring bonus," says
Kim Ullman, CEO of Concordia
Maritime.
Concordia Maritime's presence in the suezmax segment has been
represented by the tanker Stena Supreme since 2012. Stena
Supreme is also employed on the spot market via Stena Sonangol
Suezmax Pool. The pool, controlled by Stena Bulk and the Angolan
state oil company Sonangol, comprises a total of about 25 efficient
suezmax tankers.
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
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SOURCE Concordia Maritime