Concordia, Stena Weco Charter MR Tanker

  • Business & Finance

Swedish tanker owner and operator Concordia Maritime has, together with Danish tanker owner and operator Stena Weco, signed a contract for the charter of an IMO2/3 class MR tanker.

The contract, which comes into effect at the end of November 2015, is for two years with an option for a further 1-6 months.

The tanker will be operated by Stena Weco, which has a fully integrated global logistics network for the transportation of petroleum products, light chemical and vegetable oils.

“This vessel represents an interesting complement to our existing fleet of PMAX and IMOIIMAX vessels. The transaction strengthens our position in the MR segment. We believe in a continuation of the strong market, and we have a highly competent partner in Stena Weco,” says Kim Ullman, CEO of Concordia Maritime.

The 2014-built vessel is an eco-design tanker with about 25 percent lower fuel consumption than the previous generation of MR tankers.

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