Stena President Named in Split

Concordia Maritime’s product tanker Stena President – the fifth of ten tankers in the P-MAX series – will be named today. The naming ceremony will be held at Brodosplit Shipyard out-side Split. After delivery, the tanker will enter a 10-year charter with Argo Shipping and transport oil from e.g. ports in the Baltic Sea and around the White Sea to Europe and the US. The tanker’s godmother will be Nataliya Popravko, wife of Sergey Popravko, the President of Unicom Management Services and COO of the Russian shipping company Sovcomflot. The master of the Stena President is Yashin Yuriy.

The Stena President was launched in the second quarter of 2007 and will be delivered in the third quarter. Her sister, the Stena Primorsk, delivered in 2006, was also signed to a 10-year charter with Argo Shipping.