Delivery of Stena Poseidon

Wednesday, January 17, 2007
The product tanker Stena Poseidon has been delivered from Brodosplit Shipyard in Split. The Stena Poseidon is jointly owned by Concordia Maritime and Neste Oil on a 50-50 basis and Neste Oil has chartered the vessel for 10 years. The Stena Poseidon is a so-called Panamax tanker, i.e. it is designed to be able to pass through the narrow passages in the Panama Canal’s locks. In addition, it has been built to Ice Class 1 A specifications, which means that it is able to sail at a speed of five knots in a channel with 1.0 metre thick ice. It provides a 360o view from the bridge together with an extra large cargo intake and adjustable propellers for greater maneuverability when sailing through ice. The Stena Poseidon was named at Brodosplit Shipyard in Split at the end of last year together with her sister Palva, which is also is jointly owned by Concordia Maritime and Neste Oil on a 50-50 basis. The Palva has been chartered for 10 years and is expected to be delivered in about a month. The two vessels will operate in part in the Baltic Sea and have Finland as their starting point for voyages to North America.

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