Concordia Maritime Charters Two More MR Vessels
Swedish tanker owner Concordia Maritime has chartered in two more MR (ECO) vessels, while also extending the contracts for two of the currently chartered MR (ECO) vessels by a further year. A contract to charter out the P-MAX tanker Stena Performance has also been signed. The contractual partner is a large global oil company and the vessel will be used primarily for niche traffic in the Middle East. As with previous charters, these latest contracts are joint charters with Stena Bulk, and Concordia Maritime’s share amounts to 50 percent.
Costa Concordia Salvage: Day 1 Timeline
The first day of the refloating operation of the Costa Concordia has concluded successfully. Confirming technician’s estimations, the wreck is now afloat thanks to the buoyancy given by sponsons, 2.2 meters off the false sea bed, and has been towed for about 30 meters eastwards. Timeline comes from the salvors' 'The Parbuckling Project'. 6.00 am: (Monday) The Costa Concordia refloating operations started as the Senior Salvage Master, Nick Sloane, reached the Remote Operations Center located on the Concordia with the rest of the team.
Costa Concordia Raises the Costa Funnel
The construction of the Costa Concordia, Costa Crociere’s new flagship, that will become the largest Italian passenger vessel when it enters service in July 2006, marks yet another important milestone at the Fincantieri shipyards in Sestri Ponente (Genoa). Yesterday, the shipyard raised the vessel’s distinctive yellow funnel with the blue “C”, the symbol that identifies all ships operated by Costa Crociere, the Italian cruise company leader in Europe. The launch for the new flagship is scheduled for 2 September 2005, when the dry-dock where the vessel is currently under construction will be flooded and the hull of the Costa Concordia will touch the sea for the first time. This will be followed by the fitting-out activities, which are expected to be completed in about 10 months.
Concordia Sells Two VLCCs
Concordia Maritime has sold its two remaining VLCCs in the so-called Concordia Class, the Stena Congress and the Stena Constellation. They will be converted by the buyer for operation in offshore projects. The vessels will be delivered later in 2004 and their sale is expected to result in a capital gain of approx. SEK 50 million. Concordia's quality concept with robust tankers manned by large, highly qualified crews was first implemented in the six tankers in what came to be called the Concordia Class. The high quality of these vessels together with a unique market situation has made it possible for Concordia to dispose of four of these vessels for continued operation on oilfields at sea for many years beyond their 30th anniversary.
Concordia Orders 2 Tankers
Concordia Maritime's and Brodosplit shipyard's boards have issued final approval of the newbuilding contract for vessels number seven and eight in Concordia Maritimes P-MAX-series. Estimated time for delivery is the 4th quarter 2009.
Concordia Maritime Invests in more Tankers
Concordia Maritime has exercised existing options and placed an order with the Brodosplit shipyard in Croatia for a further two vessels in the P-MAX series, thus extending the series to ten units. Concordia Maritime has invested a total of more than SEK 3.5 billion in its new fleet, which currently consists of ten P-MAX tankers and two Panamax tankers. The two vessels now ordered are expected to be delivered in 2010.
Concordia Maritime Signs Contracts with Lukoil
Concordia Maritime has signed two-year timecharter contracts for the V-MAX vessels Stena Vision and Stena Victory with Litasco, a subsidiary of the Russian oil company Lukoil. The new time charters will begin immediately upon expiration of the current charter contracts with the American oil company Sunoco at the end of 2007. The vessels are chartered in from Arlington Tankers Ltd until the end of 2009. With the new time charter contracts Concordia Maritime has secured employment for the entire period.
Concordia Increases Exposure with Tanker Contract
Concordia Maritime takes a position in the Stena Bulk’s Suezmax fleet corresponding to a 50 percent charter of one tanker. The transaction was done by Stena Bulk and the vessel will operate during one year on the open spot market in the successful Stena Sonangol Suezmax pool, which already includes Concordia Maritime’s Suezmax tanker Stena Supreme. The chartered vessel was built in South Korea in 2012 and has a deadweight of 158,000 tons. Delivery of the tanker has already taken place.
Concordia, Neste Sell Jointly Owned Tankers
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.
Judgement Pronounced in Dispute
After a dispute lasting several years, a court in London has ordered Concordia Maritime to pay $3.6m to a subsidiary of the Halliburton group in the US. Concordia Maritime will also have to pay some interest compensation to the opposite party. The original claim of $11.5m was for compensation for repair and steel replacement work carried out by the buyer on the VLCC Stena Continent sold by a subsidiary of Concordia Maritime in 2000. A provision of $2.3mwas made in the annual accounts for 2005. In view of the judgement now pronounced, Concordia Maritime has lowered its forecast for 2006 from SEK 75 million to SEK 55 million. There is a possibility that either party may appeal the court’s ruling but no decisions on this have yet been made.
Concordia Orders New P-MAX Tankers
predetermined price. for delivery in 2005-2006. on double propulsion systems, rudders and steering gear. to be either dredged or closed down. bottlenecks affecting oil transportation. important component of the country's economic and political development. year outside Russian export ports in the Baltic Sea. broken ice, prepared by icebreakers. is transported through the narrow and difficult-to-navigate Bosphorus. Bosphorus during daytime. companies, which have invested billions of dollars in the region. problem. through the Bosphorus without having to wait for lengthy periods. in the future. safely even if one engine room or its systems should fail. superior manoeuvrability. trafficked waters with strong currents such as the Bosphorus. has also been utilised in the new tankers, i.e.
Costa Concordia Salvage – Structural Integrity Key Says Expert
For more than 30 years, Resolve Marine Group has conducted hundreds of seafaring salvage and ship wreck removal operations. His company has responded to ship collisions, vessel fires and disabled, capsized and sunken vessels. Among Resolve's historic headline missions is the oil spill cleanup operation following BP Deep Water Horizon catastrophe in the Gulf of Mexico in 2010 and its recovery of the aircraft and human remains at the Value Jet Flight 592 crash site in the Florida Everglades.
Concordia Orders Tanker Tonnage with Highest Ice Class for Fortum
Maritime. group Fortum. Baltic Sea to the North American market. Concordia Maritime. Brodosplit, Stena Teknik and Fortum. Delivery will take place in 2006 and at the beginning of 2007. tons, a length of 228 m and a beam of 32 m. designed for traffic in difficult ice conditions in the Baltic Sea. waters. The vessels will have full double hulls, i.e. tanks. The total contract price for the two vessels is approx. SEK 700 million. close collaboration with our customers. waters is not a new move for us. and reliable transportation in our region. business deal. order at the shipyard. for the Baltic Sea".
Arlington Tankers Announces New Sub-Charter
Arlington Tankers Ltd. announced that Concordia Maritime AB of Sweden (Concordia) has entered into new two-year sub-charter agreements for Arlington's two V-Max tankers, the Stena Vision and Stena Victory. Concordia is the current time charterer for both vessels through 2009. The vessels are currently sub-chartered to Sun Oil International (Sun). The sub-charters with Sun are due to expire during 2007. The new sub-charter agreements are with Litasco, a subsidiary of the Russian energy company LukOil OAO, and will commence immediately upon expiration of the sub-charters with Sun and continue for a two-year term. During the term of these sub-charters…
Costa Concordia Refloating Begins
The Concordia refloating operation has started informs the 'Parbuckling Project' web site. At 6 am Monday, the Senior Salvage Master, Nick Sloane, reached the Remote Operations Center located on the Concordia with the rest of the team, having been given the green light by the Italian authorities on Saturday. The salvors add that the Concordia will be refloated of [sic] about 2 meters and then towed 30 meters to the East. Workers are slowly lifting the vessel by pumping air into tanks attached to the ship.
Concordia Maritime Charters 2 P-MAX Tankers
Concordia Maritime signed time-charter contract for two P-MAX tankers and launched a pool with four vessels. The time-charter contracts are with Stena Bulk and cover the wholly owned Concordia Maritime tankers Stena Perros and Stena President, for one year each. The pool to be started up by Concordia Maritime and Stena Bulk will also include the P-MAX vessels Stena Penguin and Stena Primorsk for the same period of time. The four tankers will transport heavy petroleum products, primarily in the Atlantic market.
IMO Sec-Gen Urges Concordia Enquiry to Reach Conclusion
In his opening address to the IMO's Maritime Safety Committee's 91st Session Mr. Koji Sekimizu pushes for publication of Costa Concordia accident report. "As the loss of the Costa Concordia amply demonstrated, those affected are quick to call for action. The international nature of the passengers and crew – with some 70 nationalities involved in the Costa Concordia incident – highlighted the need for an international response, through IMO, to take the appropriate and necessary action in evaluating, developing, and implementing any provisions that might be recommended and needed, following consideration of the outcome of the casualty investigation and any other relevant information.
Shell Employs Concordia P-MAX Tankers
Concordia Maritime has signed an agreement with Shell Tankers Singapore Private Ltd. covering the employment of the P-MAX tankers Stena Penguin and Stena Progress. “Generally speaking, the product tanker market is developing well and in accordance with our planned fleet disposition. We are of course happy to have concluded this business,” said Kim Ullman, CEO of Concordia Maritime. The Stena Penguin (built in 2010) and the Stena Progress (built in 2009) are 2 of the ten P-MAX tankers in Concordia Maritime’s fleet.
Concordia Maritime Charter Out Two Tankships
Sweden's Concordia Maritime says it has contracted out the 50,000 dwt P-MAX tankers Stena Provence and Stena Polari to a major oil and gas company for 6 months initially to run until the end of 2-14. "We are very proud to have concluded this deal and we are looking forward to continuing to develop this growing trade with refined petroleum products into the Asia Pacific with our business partner,” says Kim Ullman, CEO of Concordia Maritime. “Since January this year, we have adopted a more aggressive chartering strategy to maximize the vessels’ superior earnings capacity…
Costa Condordia Salvage Update
Costa Crociere & Titan-Micoperi representatives to present a progress report to the authorities for evaluation of the 'parbuckling project' & gain approval for wreck removal operations to commence in September 2013. The report will be presented to the Commissioner for the Concordia Emergency Franco Gabrielli, the Observatory for Concordia Removal and the Mayor of Giglio at Civil Protection headquarters in Rome. Once the parbuckling is completed, it will be essential to assess the conditions of the wreck and evaluate any technical adjustments required…
Samsung Deliver Suezmax Tanker to Concordia Maritime
Suezmax tanker 'Stena Supreme' delivered to Sweden's Concordia Shipping by Samsung Heavy Industries of Geoje, South Korea The Stena Supreme is a crude oil tanker and with a length of 274 m, largest vessel in Concordia Maritime’s fleet. The vessel, represents an investment of around SEK 500 million, will be employed in the open market via the Stena Sonangol Suezmax Pool. With the delivery, Concordia Maritime’s fleet consists of one crude oil tanker, ten P-MAX product tankers (65,000 dwt) and two Panamax tankers (75,000 dwt) in which the company has a 50% share. Data for the Stena Supreme: Length: 274 metres, Beam: 48 metres, Deadweight: 158,700 tons
'Costa Concordia' Salvage Caisson Contract for Fincantieri
As part of the salvage plan to remove the wreck of the Costa Concordia, to be carried out by the Italo-American Titan-Micoperi consortium appointed by Costa Crociere, Fincantieri has been awarded a contract worth tens of millions of euros for the building of the watertight boxes, known as caissons, to be used in the operation to refloat the ship. A total of 30 steel caissons, with combined weight of approximately 11,500 tonnes, will be built in different Fincantieri shipyards. The Costa Concordia salvage plan entails the use of these caissons in order to right and refloat the wreck so that it can be removed in one piece. A system of hydraulic 'strand-jacks' fixed to an underwater platform will be used in conjunction with the caissons to right the vessel.
Stena Performance Christened
Klas Eskilsson, head of Stena Bulk welcomed Hans Noren, President of Concordia Maritime, Kim Ullman, Executive Vice President and COO of Stena Bulk, along with other Stena executives and local dignitaries to the christening ceremony for Concordia Maritime’s new P-Max product tanker the Stena Performance. Mary Uhles, wife of Captain Douglas Uhles of Hess Corporation, has agreed to act as sponsor for Stena Performance. The vessel is on a five-year charter to Hess Corporation. The ceremony took place at Cruise Ship Terminal at the Port of Charleston. The Stena P-MAX has several features as a result of Stena and Concordia Maritime’s policy of building vessels with proactive safety as a central design criterion.