Concordia Maritime has signed a contract to charter out a post-panamax (P-MAX) tanker, the second in under a month.
The vessel will be chartered out to an unnamed UK shipping company from the beginning of February for one year with an option for a further year. The vessel will be used to move light oil products to West Africa.
Kim Ullman, CEO of Concordia Maritime, commented: “We are continuing to take advantage of the strong market by chartering out another of our P-MAX tankers over a longer period. The contract is fully in line with our chartering strategy. We ensure a good level of income for the vessel over the coming year, while balancing the exposure to the spot market in a well-judged way. In a short time, we have now chartered out two of our ten P-MAX tankers over longer periods and we are evaluating the possibility of similar arrangements.”
In December, Concordia chartered out a P-MAX tanker to a Chinese company for a two year period.
