Marine Link
Tuesday, October 25, 2016

Concordia, Neste Sell Jointly Owned Tankers

March 19, 2014

  • Photo: Concordia Maritime
  • Photo: Concordia Maritime
  • Photo: Concordia Maritime Photo: Concordia Maritime
  • Photo: Concordia Maritime Photo: Concordia Maritime

Concordia Maritime and Finnish Neste Oil have reached an agreement on the sale of the two jointly owned Ice Class 1A panamax tankers, Stena Poseidon and Palva. The buyer is Transport Maritime St-Laurent Inc. and the tankers are expected to be delivered in April/May 2014.

Stena Poseidon and Palva are panamax tankers with a deadweight of 75,000 tons and were delivered from Brodosplit Shipyard in Split in 2007. They are jointly owned by Concordia Maritime and Neste Oil. Both tankers have been signed to time charters with Neste Oil since 2007. 

“We are content to see this sale go through as it suits our strategic objective of focusing on our spot operated P-MAX fleet. The sale will have a positive result for Concordia Maritime and will be realized in the 2ndquarter”, said Kim Ullman, CEO, Concordia Maritime.

Technical data for Stena Poseidon and Palva:
Length: 228 m
Beam: 32 m
Draft (design): 12.2 m
Deadweight: 75,000 tons

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