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

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