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Concordia News

12 Mar 2024

Concordia Damen Contracted to Deliver CDS2410 River Pusher

Source: Concordia Damen

Uruguayan shipowner and operator TFF has contracted Dutch inland shipping construction yard Concordia Damen to build a CDS2410 Shallow Draft River Pusher (2.500 HP) to expand its fleet of pushboats. TFF will use the pusher for transporting cellulose pulp from Fray Bentos to the port of Nueva Palmira.Concordia Damen has thoroughly researched the river characteristics in the region in relation to the desired operational profile of the vessel. Based on this its engineers designed the most efficient pusher considering local conditions. This resulted in a proven low draft push boat design.

19 Sep 2023

Concordia Damen Converts Inland Shipping Vessel into TSHD

Source: Concordia Damen

Concordia Damen recently delivered a special project that involved the conversion of a Dutch barge into a Nigerian dredger. The trailing suction hopper dredger (TSHD) Sayonara has now arrived and is at work on the Lagos Lagoon.Three years ago, the Werkendam shipyard came into contact with a Nigerian dredging company via Damen Shipyards Gorinchem. This eventually led to the start of the complex conversion project in December 2021. After extensive testing to ensure that the vessel…

12 Sep 2023

Concordia Damen to Deliver River Pusher to Girona S.A. in Paraguay

(Image: Concordia Damen)

Paraguayan shipowner and operator Girona S.A. – Rio Sur Transporte y Logistica has contracted Dutch inland shipping construction yard Concordia Damen to build a CDS4115 Shallow Draft 5.400 HP River Pusher to expand its fleet.Concordia Damen said it has thoroughly researched the Paraguay River characteristics in relation to the desired operational profile of the vessel. Based on this, its engineers designed the most efficient pusher considering local conditions, the builder said.

04 Aug 2023

Concordia Maritime Sells Two Product Tankers

(Photo: Christian Badenfelt / Concordia Maritime)

Concordia Maritime on Friday announced it has entered into an agreement to sell two of its product tankers. The vessels are the 65,200 dwt Stena Progress and the 65,200 dwt Stena Premium, built in 2009 and 2011 respectively.After repayment of loans and liabilities to related parties, the transaction generates a liquidity supplement of approx. SEK 100 million (approximately US$9.5 million), Concordia Maritime said. The remaining debts are current operating liabilities.“With the sale, we continue to take advantage of the strong market and the high prices for older vessels.

03 May 2023

Concordia Maritime Sells 13-year-old Product Tanker

Stena Penguin (Photo: Concordia Maritime)

Concordia Maritime announced Wednesday it has entered into an agreement to sell its 13-year-old product tanker Stena Penguin to an unnamed European buyer.The 65,200 dwt Stena Penguin is scheduled to be delivered to its new owner during the second quarter of 2023.Overall, the sale is expected to have a positive liquidity effect of approximately SEK 215 million (about $20.9 million) after repayment of the remaining bank debt to Svenska Skeppshypotek, Concordia said.Concordia Maritime CEO, Erik Lewenhaupt, said, “We are now divesting another vessel with a good margin.

13 Jan 2023

Jackie Q. Carter to Serve as Director at Port Milwaukee

Jackie Q. Carter (Photo: Photo Kalida N. Williams / Port Milwaukee)

Milwaukee Mayor Cavalier Johnson has selected Jackie Q. Carter to serve as Municipal Port Director. In this position, Carter will direct commercial and recreational operations at Port Milwaukee, oversee a staff of twenty people, and administer Foreign Trade Zone No. 41. The appointment is subject to Common Council approval.A lifelong resident of Milwaukee, Carter has worked in the local non-profit and public sector for more than 20 years. She most recently served as the Finance & Administration Officer for Port Milwaukee…

13 Jan 2023

Quinto Orders Inland Waterway Tanker from Concordia Damen

(Image: Concordia Damen)

Last week, Dutch shipyard Concordia Damen was commissioned to build and equip an inland shipping tanker for Quinto Scheepvaart B.V. from Zwijndrecht. At This also marks the switch, after 25 years, that family business Quinto makes from container shipping to tanker shipping.Quinto Scheepvaart has opted for a tanker of the Parsifal type, a new generation of mineral (oil and light chemicals) tankers that Concordia Damen has developed itself and several of which are already operational.

16 Sep 2022

Concordia Maritime Sells Three Tankers

(Photo: Oddway / Concordia Maritime)

Sweden-based shipowner Concordia Maritime announced it has sold three product tankers to a European buyer for above-market prices.The company said Friday that it has entered into an agreement for the sale of the 65,200 dwt vessels Stena Primorsk, Stena Performance and Stena Provence, all built in 2006 at Croatia's Brodosplit Shipyard. The ships are expected to be delivered to their new owner during the fourth quarter of 2022."The agreed price is significantly above the market valuations made mid 2022…

16 Sep 2022

Concordia Maritime CEO: "We are getting paid very well for our oldest ships."

P-MAX vessel Stena Provence Credit: Concordia Maritime - Photo: M. Cooper

Sweden-based shipowner Concordia Maritime has agreed to sell three product tankers, Stena Primorsk, Stena Performance and Stena Provence, all built in 2006 and of 65,200 dwt, to an unnamed European buyer.Concordia Maritime said Friday that the delivery is expected to take place during the fourth quarter of 2022."The sale is expected to have a positive liquidity effect of approximately USD 30 million. The surplus will be used for repayment of loans," the company said.According to Concordia Maritime…

02 Aug 2022

Crowley Names Jors Chief Naval Architect

Charlie Jors (Photo: Crowley)

Crowley has appointed Charles "Charlie" Jors as chief naval architect for the company’s engineering services. He will lead Crowley’s vessel design and marine engineering teams.With nearly 20 years of naval architecture and marine engineering experience, Jors has served in previous leadership roles on complex projects, involving vessel design and development, construction, structural analysis, conversion and modification.Since joining Crowley in 2010, Jors has played an active role expanding the company’s engineering services capabilities for maritime partners and customers.

05 Jul 2022

Concordia Sells Product Tanker Stena Paris

Concordia Maritime said it has entered into an agreement to sell the 2005-built product tanker Stena Paris to a Greek buyer.The 65,000 dwt vessel is scheduled to be handed over at the end of July."Asset values for tankers have risen during the spring in line with the positive freight market. The agreed price is significantly above the market valuations made end 2021," Concordia Maritime said. "The sale is expected to have a positive liquidity effect of approximately $5 million."Erik Lewenhaupt, CEO of Concordia Maritime, said, "The sale of Stena Paris is made primarily to take advantage of the increased ship valuations and improve the company's financial position, but in addition there is also an age factor. The Stena Paris was the first ship to be delivered in the P-MAX series.

11 May 2022

Concordia Maritime Sells Suezmax Tanker Stena Supreme

Concordia Maritime announced on Wednesday it has entered into an agreement for the sale of the 158,000 dwt Suezmax tanker Stena Supreme. Delivery is expected in June 2022.The 2012-built Stena Supreme has been bareboat chartered in by Concordia Maritime since 2016, under a sale and leaseback arrangement, from "one of Japan’s largest shipping companies", Concordia Maritime said. The contract contains annual purchase options, which Concordia Maritime has now elected to exercise.The vessel has been employed in the spot market through the Stena Sonangol Suezmax Pool, and its sale will have a positive liquidity effect of approximately $4 million…

10 May 2022

OPINION: A New Approach to Maritime Safety is Needed

Image courtesy SAYFR

For years, the shipping industry has focused on regulations and procedures to improve safety. Yet shipping is still at risk of major accidents. The whole industry needs to change its focus. Ticking boxes never made anyone safer. Also, assessing culture using valid and reliable survey instruments can help to improve safety.It has been well documented that most maritime accidents (~80%) are caused by human error. Still, most of the focus on learning is rooted in technical causes and adding procedures and checklists.Despite this bias…

03 Mar 2022

Concordia Maritime Sells Oil Tanker to Greek Buyer

Shipowner Concordia Maritime announced it has entered into a contract to sell the 2007-built oil tanker Stena President to a Greece-based shipping company.The 65,200 dwt P-MAX-vessel is scheduled to be handed over to its new owner in March 2022Concordia Maritime said the sale is expected to have a positive liquidity effect of approximately $0.6 million. The surplus will be used for accelerated amortization of bank debt. The price has been affected by the vessel being sold in an undocked condition and by a continuing low spot market. Stena President is due to have its scheduled 15-year special survey (drydock) in the third quarter of 2022."The weak tanker market during Q1 poses continued challenges for Concordia Maritime.

11 Feb 2022

Safe Concordia Flotel Stays with BP in Trinidad

©Prosafe

BP Trinidad and Tobago has chartered the Safe Concordia offshore accommodation rig from Prosafe, to provide gangway-connected operations at Cassia C offshore platform in Trinidad. The contract will last around 160 days and will be a straight continuation of Safe Concordia's current engagement at Cassia C. The new contract will run from March 24, 2022, to August 31, 2022. BP Trinidad and Tobago will have options to extend the charter for up to four weeks.The value of the firm part of the deal is $19.4 million.Jesper Kragh Andresen…

08 Feb 2022

Concordia Explores Converting Tankers to Container Carriers

P-MAX vessel Stena Polaris. Photo: Michael Cooper

As the tanker market languishes and the containershipping sector drives full speed ahead, Concordia Maritime announced it has embarked on a technical design study on the feasibility of converting several of its tankers to container carriers.Concordia Maritime launched the study together with Stena Teknik and a German consulting company specializing in ship design. The aim is to investigate the feasibility of converting and adapting a P-MAX vessel for container transportation.

17 Jan 2022

Concordia Maritime Sells Tanker Stena Perros

Concordia Maritime announced it has entered into a contract for the sale of the P-MAX vessel Stena Perros (65,000 dwt, built in 2007). The buyer is an oil company with operations in Africa and delivery is scheduled for the end of January.Concordia said the sale is expected to have a positive liquidity effect of about $1.4 million, which it will use for accelerated amortization of bank debt. The sale price is below the vessel’s book value and previous valuation, Concordia said, noting the price has been affected by the vessel being sold in an undocked condition and by a continuing low spot market. Stena Perros is due to have its scheduled five-year special survey (drydock) in the fourth quarter of 2022.Concordia Maritime CEO Erik Lewenhaupt…

13 Jan 2022

Ten Years on, Costa Concordia Shipwreck Still Haunts Survivors, Islanders

Credit: biancia

Ester Percossi can still hear the screams, feel the cold and see the terror in people's eyes.She is one of the survivors of the shipwreck of the Costa Concordia, the luxury cruise liner that capsized after hitting rocks just off the coast of the small Italian island of Giglio on Jan. 13, 2012, killing 32 people in one of Europe's worst maritime disasters.Percossi and other survivors have returned to the island to pay tribute to the dead and again thank the islanders who, in the dark and dead of winter…

09 Dec 2021

Insurance Insights: Larger Vessels, Larger Exposures

Photo courtesy Boskalis

The blocking of the Suez Canal by one of the largest container ships in service in the world – the Ever Given – in March 2021 caused huge delays to hundreds of vessels waiting to transit the canal, one of the biggest chokepoints on the critical East/West trade shipping route. The blockage was estimated to have affected an estimated $9.6bn of goods each day, or around 12% of total world trade.The latest in a growing list of incidents involving large vessels, the Ever Given has…

15 Nov 2021

Industry Veteran Ullman to Retire; Lewenhaupt tapped for CEO spot at Concordia Maritime

Kim Ullman, CEO of Concordia Maritime. Photo courtesy Concordia Maritime

Erik Lewenhaupt will take over as CEO of Concordia Maritime on January 1, 2022, succeeding Kim Ullman, who informed the Board his wish to step down as CEO and retire.Lewenhaupt has a long track record in tanker shipping. He started his tanker career at Nordström & Thulin in 1996, and was later recruited to Stena Bulk, where he was tanker chartering manager in both Gothenburg and Singapore. His most recent position has been Head of Sustainability at Stena Line, where he has been…

31 Aug 2021

Concordia Maritime Sells Two Tankers

Tanker shipping company Concordia Maritime said it has sold two IMOIIMAX vessels Stena Image and Stena Important to a Chinese leasing company.The two ships were sold to a large Japanese financial services company in 2016 and 2017 under sale-leaseback agreements. The agreements also included annual purchase options, which have now been exercised. The net liquidity surplus from the transactions amounts to approximately SEK 45 million ($5.2 million) and will be added to Concordia Maritime in connection with the delivery of the vessels to the buyer.“The sale of the vessels is in line with the continuing ambition to strengthen the company’s financial position and liquidity…

15 Jul 2021

Pair of Inland Container Vessels for Den Bosch Max BV Named

Photo courtesy Damen Concordia

Two new inland container vessels built by Concordia Damen were named at a ceremony held at BCTN’s inland terminal at Den Bosch on Saturday, July 10, 2021. Den Bosch Max BV is a joint venture between logistics services provider Nedcargo International BV and inland terminal operator BCTN.Following on from their delivery in December 2020 and January 2021, the Den Bosch Max Blauw and the Den Bosch Max Groen were named respectively by Royal Commissioner I. Adema, and Nicole Verduijn, the partner of Heineken BV’s logistics manager.

07 Jun 2021

Concordia Damen Launches First of 40 New Barges

(Photo: Damen)

The first of 40 inland waterway barges that are being built by Concordia Damen has been launched at the casco yard in Serbia. Concordia Damen signed the contract for the environmentally friendly vessels late last year.The vessels, known as the Parsifal Tankers, will be chartered by Shell and operated by the VT Group/Marlow. They will carry mineral oils between Antwerp, Amsterdam, Rotterdam and Rhine network.The vessels will be 110 meters by 11.45 meters and will feature liquefied natural gas (LNG) propulsion and extreme shallow draft capabilities.

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