Concordia Maritime Extends Charters for Tanker Duo

Swedish tanker shipping company Concordia Maritime has renewed its contract with Stena Bulk for a consecutive voyage charter arrangement for the P-MAX tankers Stena Provence and Stena Polaris. The agreement will run until the summer of 2015.

The vessels’ LOA is 183 meters, the same as conventional MR tankers, but they have a beam of 40 meters enabling them to lift approximately 50,000 mt on 11 meters. They also have a fully redundant propulsion system with two separate engines, steering machinery, rudders and propellers.

“This is a testament to the fact that our P-MAX tankers make a major difference when properly utilized. We are very pleased to be able to extend this charter, which, alongside our business partner, we have long and successfully cultivated in this region of the world,” said Kim Ullman, CEO of Concordia Maritime.