Concordia Maritime and Shell Tankers Singapore Private Ltd have signed an agreement in respect of the P-MAX tankers “Stena Penguin” and “Stena Progress” Built in 2010 and 2009 respectively, the tankers are two of the ten P-MAX tankers in Concordia’s fleet and have a double hull, two engine rooms with full water and fire integrity and two separate propulsion systems.

Kim Ullman, CEO of Concordia Maritime said:

“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”

For more information on how we can assist with Shipping contracts please contact: shipping@bargatemurray.com