Concordia Maritime Inks Charter for P-MAX Tanker

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 worlds 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. 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,” Kim Ullman, CEO of Concordia Maritime, commented. Built at Croatian Brodosplit Shipyard in 2005, the ship flies the flag of Bermuda. Concordia Maritime’s wholly-owned fleet consists of ten P-MAX product tankers, two newly built IMOIIMAX chemical and product tankers, and one Suezmax tanker.