Concordia Maritime has sealed an extended charter contract for 2005-built post-panamax (P-MAX) tanker Stena Paris for one year commencing July 2017.
The charter, which includes an option for a further year, is with one of the world’s largest oil and gas companies. The unnamed customer has had the vessel on charter since 2013 transporting refined petroleum products in the Asia Pacific region.
“Our customer has a specific transport need for which the large load capacity of the P-MAX concept is 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’ unique properties are most beneficial. And given the challenging market conditions at the moment, we are pleased with the level of the contract,” said Kim Ullman, CEO of Concordia Maritime.