Product Tanker Palva Delivered

Thursday, February 22, 2007
The product tanker Palva was delivered today from Bordosplit Shipyard in Split. The Palva and sister vessel the Stena Poseidon, which was delivered from the same shipyard in January, this year, are jointly owned by Concordia Maritime and Neste Shipping on a 50-50 basis. Both vessels have been signed to 10-years charters with Neste Oil. The Palva was named at Brodosplit Shipyard in Split at the end of last year together with her sister the Stena Poseidon. Both vessels will operate in part in the Baltic Sea and have Finland as their starting point for voyages to North America. The Palva and the Stena Poseidon are so-called Panamax tankers, i.e. they are designed to be able to pass through the narrow passages in the Panama Canal’s locks. In addition, the vessels have been built to Ice Class 1A specifications, which means that they are able to sail in a channel with 1.0 metre thick ice. Together with a 360o view from the bridge, they have an extra large cargo intake and adjustable propellers for greater maneuverability when sailing through ice.

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