Concordia Maritime fixes P-MAX tanker on time charter

Sweden’s Concordia Maritime has fixed out its 2006-built post-panamax (P-MAX) tanker Stena Provence for one year commencing mid-September.

The contract, which also includes an option for an additional year, is with an unnamed oil and gas company. Stena says the vessel has been used by the same customer for the transportation of refined petroleum products, mainly in the Asia Pacific region.

Kim Ullman, CEO of Concordia Maritime, commented: “It’s always pleasing to be given a renewal of confidence. Long-standing customer relationships are one of the cornerstones of our strategy. Given the challenging market conditions, we are pleased with the level of the contract. But what’s really important here is maintaining a long-term perspective and continuing our partnership with one of the world’s largest oil companies.”

Concordia Maritime has ten P-MAX tankers in its fleet, four of which are now on long-term time charters.

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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