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 June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Iraqi Kurdish Pipeline Stopped; Tanker in Limbo off Texas

Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the

Iraq's Kurds Have Right to Sell Oil While Squeezed by Baghdad

Iraq's Kurdish region has the right to keep selling oil as long as the Baghdad government keeps cutting its budget, the head of the Kurdish parliament's energy committee said on Tuesday,

Petroecuador Tenders to Buy 3.84m bbls of Naphtha

State-run oil company Petroecuador has launched tenders to buy a total volume of 3.84 million barrels of naphtha for delivery in the coming month at Esmeraldas,

Navy

Today in U.S. Naval History: July 30

Today in U.S. Naval History - July 30 1918 - Units of First Marine Aviation Force arrive at Brest, France 1941 - Japanese aircraft bomb USS Tutuila (PR-4) at Chungking,

The Martitime Security Focus Is Shifting

Former Vice-Admiral and Commander-in-chief of the German Navy Hans-Joachim Stricker, President of the German Maritime Institute (DMI), believes that in terms of

VSTEP Wins Mexican Navy Simulator Contract

The Mexican Navy selected VSTEP to supply a Class A NAUTIS Full Mission Bridge (FMB) Simulator and 24 NAUTIS desktop trainer stations for the Naval Academy in Veracruz.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Salvage 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: 0.1269 sec (8 req/sec)