Concordia Maritime’s fleet sellout continues, leaving the Stena-backed Swedish tanker player with one ship remaining.
The Erik Lewenhaupt-led company has offloaded the 2011-built product tanker Stena Premium and the 2009-built Stena Progress to undisclosed buyers.
No price has been revealed but the Gothenburg-based owner said the deal would generate a liquidity supplement of around SEK100m ($9.3m) after repayment of loans and liabilities to related parties.
Both ships, estimated by VesselsValue to be worth $53.5m in total, are under a time charter with Stena Bulk and further fixed out on contracts that run until autumn and winter 2024, which will now be taken over by the buyer.
In May, Concordia Maritime sold its 2010-built post panamax products carrier Stena Penguin. After the latest sale, the company’s fleet will consist of the 2010-built Stena Polaris, which is on a bareboat contract to US Crowley Government Services, with extension options until the end of 2026.
“With the sale, we continue to take advantage of the strong market and the high prices for older vessels, said Lewenhaupt, adding: “As previously announced, we are working intensively to chart the company’s future direction and business. The work is progressing and we have high hopes of being able to present more information during the second half of 2023.”
