Search results for: Concordia Maritime

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  • 19 March 2014
    Business & Finance

    Concordia Maritime and Finnish Neste Oil have reached an agreement on the sale of the two jointly owned Ice Class 1A panamax tankers, Stena Poseidon and Palva. The buyer is Transport Maritime St-Laurent Inc. and the tankers are expected to be delivered in April/May 2014. Stena Poseidon and Palva are panamax tankers with a deadweight […]

  • 17 February 2014
    Business & Finance

    Concordia Maritime has signed an agreement with Shell Tankers Singapore Private Ltd (Shell) covering the employment of the P-MAX tankers Stena Penguin and Stena Progress. “Generally speaking, the product tanker market is developing well and in accordance with our planned fleet disposition. We are of course happy to have concluded this business”, says Kim Ullman, […]

  • 4 October 2016
    Business & Finance

    Swedish tanker shipping company Concordia Maritime has entered a sale and leaseback agreement for the IMOIIMAX tanker Stena Image with a Japanese financial institution. The tanker will be chartered back to Concordia Maritime on a bareboat basis for eight years, with annual purchase options from year four onwards. Concordia Maritime said that the sale price is USD 37.5 […]

  • 18 April 2018
    Business & Finance

    Concordia Maritime teams up with SIME on measuring microplastics in the oceans.

  • 10 January 2018
    Business & Finance

    Concordia Maritime signs more charter deals for MR ECO vessels as it prepares for a market upturn.

  • 29 November 2013
    Business & Finance

    Joakim (Kim) Ullman has been appointed to the position of President of Concordia Maritime AB as of 1 January 2014. Kim comes from Stena LNG where he has been CEO since 2012. He will replace Hans Norén who will leave Concordia Maritime at the end of the year after ten years as president. “After a […]

  • 6 September 2018
    Business & Finance

    Concordia Maritime keeps the P-MAX tanker Stena Provence busy for another year.

  • 6 December 2011
    Business & Finance

    Today, Concordia Maritime, which is active in tanker shipping, was awarded the prize for “Best Annual Report” in Nasdaq OMX’s annual competition. The award was presented at a ceremony at FinForum in Stockholm. “Someone said that our annual report could function as a textbook in shipping and I think that’s praise indeed. We put a […]

  • 13 May 2016
    Business & Finance

    Swedish tanker shipping company Concordia Maritime has entered into a settlement agreement concerning a dispute related to Stena Primorsk’s grounding in the Hudson River in December 2012, according to which the company is obliged to pay USD 9.25 million. In July 2013, Concordia Maritime received a claim for damage related to its decision to stop operating […]

  • 23 August 2013
    Business & Finance

    Concordia Maritime´s president since ten years, Hans Norén, leaves the company at the end of the year. Hans Norén comments: “After ten years as president and 18 years in total with the company, the board and I have agreed that year end 2013 will be a good time for a change on this position.” The […]

  • 25 May 2018
    Business & Finance

    Concordia Maritime bolsters presence in the Suezmax sector with joint charters.

  • 26 July 2018
    Business & Finance

    Concordia Maritime strengthened its position in the crude oil tanker segment with two charter deals.

  • 15 August 2018
    Business & Finance

    As the tanker market remained week during Q2 2018, Concordia Maritime widened its net loss.

  • 15 October 2015
    Business & Finance

    Swedish tanker owner and operator Concordia Maritime has taken delivery of the second 50,000 dwt IMOIIMAX tanker, Stena Important, from the Chinese shipyard Guangzhou Shipbuilding International. The chemical and product tanker Stena Important is part of a series of ten vessels ordered by Stena Bulk in 2012, two of which are owned by Concordia Maritime. Her […]

  • 14 December 2018

    Ullman: I would rather take an OPEC production cut than a cut from the U.S.

  • 28 December 2015
    Business & Finance

    Swedish tanker shipping company Concordia Maritime has signed a contract with an undisclosed Chinese shipping company to charter out a P-MAX tanker. The contract is for two years and comes into effect in late January/early February 2016. “The contract is fully in line with our fleet and earnings strategy. We are now taking advantage of […]

  • 19 December 2018
    Business & Finance

    Concordia Maritime is selling the positions previously taken in four chartered-in Suezmax vessels.

  • 28 June 2006

    Today Concordia Maritime took delivery of Stena Performance, the forth vessel in the P-MAX series of total eight vessels. The vessel is as previously announced chartered for five years to the American oil company Amerada Hess Corporation. Concordia Maritime is an international tanker shipping company listed on the O List on the Stockholm Stock Exchange. […]

  • 27 April 2012
    Business & Finance

    Current CFO of Concordia Maritime AB moves on to a new and interesting position in the company’s principal shareholder, Stena AB. Appointed new CFO is Ms Anna Forshamn, who will take up her position on 1 May. Anna comes from a position as Group Financial Controller and Group Pensions Manager at Stena AB and previously […]

  • 14 February 2017
    Business & Finance

    Swedish tanker shipping company Concordia Maritime has decided to sell its 50,000 dwt IMOIIMAX tanker Stena Important to a Japanese financial institution through a sale and leaseback agreement. Under the transaction the parties agreed to a sale price of USD 36 million. The 2015-built vessel will be chartered back on a bareboat basis for nine years, […]

  • 3 July 2012
    Business & Finance

    On Friday,  June 29 the Suezmax tanker Stena Supreme was delivered from Samsung Heavy Industries in Geoje, South Korea. The Stena Supreme is a crude oil tanker and with a length of 274 m, it is the largest vessel in Concordia Maritime’s fleet. The vessel, representing an investment of around SEK 500 million, will be […]

  • 12 December 2017
    Business & Finance

    Swedish shipping company Concordia Maritime invests in new charters amid anticipated market recovery.