Concordia Maritime fixes P-MAX tanker on two-year deal

Concordia Maritime fixes P-MAX tanker on two-year deal

Concordia Maritime has signed a contract to charter out a post-panamax (P-MAX) tanker for two years to an unnamed Chinese shipping company.

Kim Ullman, CEO of Concordia Maritime, commented: “The contract is fully in line with our fleet and earnings strategy. We are now taking advantage of the strong market and chartering out one of our P-MAX tankers over a longer period. This means that we ensure a good level of income for the vessel over the next two years, while balancing our exposure to the spot market in a well-judged way.

The charter will commence late January to early February 2016, and the vessel will be used to transport heavy oil products between Korea, Japan and China.

 

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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