Delivery of chartered Suezmax vessel

Concordia Maritime has taken delivery of another chartered Suezmax vessel. The vessel was delivered in Singapore on 21 July and it now making its first long voyage. The charter period is one year, with an option for another year. Concordia Maritime’s stake in the vessel corresponds to a 50 per cent share.

The vessel has a deadweight of 158,000 tonnes and was built in South Korea in 2012. This delivery enhances Concordia Maritime’s position in the strong and attractive Suezmax segment. Concordia Maritime now has three Suezmax vessels in its fleet, one wholly owned and two chartered (each with a share corresponding to 50 per cent). The vessels are being deployed within the framework of the Stena Sonangol Suezmax pool.

 "We’re now further enhancing our presence in the strong Suezmax market. This segment has seen extremely strong growth in 2015 and we expect the market to remain robust in future,” says Kim Ullman, CEO of Concordia Maritime.