Concordia Maritime Orders Tankers

June 21, 2012

(Image: Concordia Maritime)
(Image: Concordia Maritime)

Concordia Maritime signed a contract with Guangzhou Shipbuilding International (GSI), China for the delivery of two chemical parcel tankers of approx. 50,000 dwt at the end of 2014/beginning of 2015. The investment amounts to around $78.6m and the intention is to employ the vessels in the open market via its partner Stena Weco.
The vessels are part of a series of six tankers designed by Stena Weco and Stena Bulk and developed by Stena Teknik together with GSI. During the development work, the focus has been on energy efficiency and cargo flexibility.
“The vessels’ design and performance are impressive and GSI is a leading Chinese shipyard, which builds very good vessels. Our intention is to employ the vessels in the open market via our partner Stena Weco, which is successful in the segment for transportation of refined oil and vegetable oils.
This is a natural development for us, investing in vessels with very good fuel efficiency and cargo capacity that will be employed in the segment where our main focus lies and which has good growth potential. We believe that the timing, as regards shipbuilding prices, is also right”, says Hans Norén.
 

Logistics News

Concordia Damen Begins Refit Project for Reederei Deymann Cargo Vessel

Concordia Damen Begins Refit Project for Reederei Deymann Cargo Vessel

30 New Alternative-Fueled Vessel Orders Placed in October 2025

30 New Alternative-Fueled Vessel Orders Placed in October 2025

Millions of Cigarettes Seized in Multi-Nation Operation

Millions of Cigarettes Seized in Multi-Nation Operation

Liebherr USA Appoints New Divisional Director

Liebherr USA Appoints New Divisional Director

Subscribe for Maritime Logistics Professional E‑News

AviLease, owned by the Saudi Public Investment Fund, plans to issue a 5-year USD bond
Aquilius raises $1 billion for Asia's biggest real estate secondary fund
This week in Asian Football