Concordia Maritime signs time-charter contract for two P-MAX tankers and launches a pool with four vessels
“We are very pleased with the agreement and still believe in a stronger market in 2015, but we also want to balance our spot market exposure. At the same time, this allows us to fully leverage the operational expertise that Stena Bulk has amassed over time in this market”, says Kim Ullman, CEO of Concordia Maritime.
“This transaction is firmly in line with our successful development in the crude oil and heavy products segments, and further strengthens the partnership between our companies in an exemplary way,” adds Erik Hånell, CEO of Stena Bulk.
Stena Perros, Stena President, Stena Penguin and Stena Primorsk are four of the ten P-MAX vessels included in Concordia Maritime’s fleet. The tankers were constructed at the Brodosplit Shipyard in Split, Croatia, in 2008, 2007, 2010 and 2006, respectively.
Tankers with the P-MAX design have a double hull, two machine rooms with full water and fire integrity, as well as two separate propulsion systems. Maneuverability and an integrated bridge layout are also critical to facilitating safe navigation in narrow channels. A significantly wider hull also provides substantial cargo flexibility and increases cargo capacity by 30 percent.
Technical data for the P-MAX tankers:
Length: 183 m, beam: 40 m, draft (design): 11.3 m, deadweight: 65,200 tons.