Concordia Orders Tanker Tonnage with Highest Ice Class for Fortum

Thursday, August 26, 2004
Today, Concordia Maritime signed an agreement to participate on a 50/50 basis in a consortium, which will own two Panamax product tankers built to Finnish/Swedish ice class 1A specifications and ordered by Concordia Maritime. A 10-year time-charter agreement has been signed with the Finnish energy group Fortum. The vessels, which will be named Stena Polaris and Stena Poseidon, will transport primarily Fortum's refined products from the Baltic Sea to the North American market. The tankers will be built at the Brodosplit shipyard in Croatia where six ice-strengthened Stena P-MAX product tankers are currently being built for Concordia Maritime. The new tonnage has been developed in close collaboration between Brodosplit, Stena Teknik and Fortum. Delivery will take place in 2006 and at the beginning of 2007. The Stena Polaris and the Stena Poseidon will have a deadweight of 75,000 tons, a length of 228 m and a beam of 32 m. They have been specially designed for traffic in difficult ice conditions in the Baltic Sea. The bridge, as in the case of the MAX tankers, will be built according to Stena's "co-pilot" design with a 360° view for enhanced safety in narrow waters. The vessels will have full double hulls, i.e. a double hull protecting not only the cargo tanks but also the fuel tanks and lube oil tanks. The total contract price for the two vessels is approx. SEK 700 million. Concordia Maritime's president, Hans Norén, says: "Our business is based on developing competitive transport solutions in close collaboration with our customers. Our investment in shipping in icy waters is not a new move for us. Solid experience lies behind the new tankers now under construction which enables us to offer safe, economical and reliable transportation in our region. We are very satisfied with our collaboration with the Brodosplit shipyard, which has resulted in this new business deal. Today, Concordia has 8 tankers with a high ice class on order at the shipyard. Together with Stena Bulk, we will be one of the leading operators of ice-strengthened tonnage in the large-tanker segment for the Baltic Sea".
Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

HMAS Success Deploys to Middle East

After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support

Rosneft Ships First Oil From Chayvo Field

Rosneft commenced shipment of crude oil extracted at the Northern Tip of Chayvo license off the coast of Sakhalin, with the first tanker carrying Sokol-grade crude leaving port on November 21.

Venezuela Ships First Crude Mixed with Algerian Oil to China

Venezuela is sending its first shipment of crude mixed with Algerian light oil to China, according to state oil company PDVSA and traders.   Venezuela recently

Navy

Hagel Resigns as Defense Secretary

U.S. Defense Secretary Chuck Hagel resigned on Monday, the first major change to President Barack Obama's Cabinet since his Democrats were routed in midterm elections three weeks ago.

China Defies U.S. Plea for Restraint in South China Sea

China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South

HMAS Success Deploys to Middle East

After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1998 sec (5 req/sec)