Concordia Maritime Finances Suezmax

Tuesday, November 02, 2010
Photo courtesy Cison

Concordia Maritime has now secured financing for the newly ordered Suezmax tanker Stena Supreme. The vessel, which will be built by the South Korean shipyard Samsung, is set for delivery in Q2, 2012. The financing, which will be jointly provided by the banks SEB and DnB NOR, amounts to approx. 70% of the investment and has a currency of seven years.

The vessel is part of a series of seven tankers designed by Stena Bulk and ordered in March 2010. The intention is to employ the tankers on the open market via the Stena Sonangol Suezmax Pool.
“Concordia Maritime is in good financial shape. This means that we are well prepared and have the capacity to invest in both new projects and interesting business opportunities that may emerge as a result of the challenging shipping markets”, says Hans Norén, President.

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