Sale of P-MAX vessel, in line with bank agreement

"Despite existing charter agreements, the continued weak tanker market poses challenges for Concordia Maritime. The sale of Stena Perros is aimed at improving the Company's financial position and is in line with the bank agreement signed in autumn 2021. Further sales cannot be ruled out in the future unless we see a rapid recovery in the tanker transport market", says Concordia Maritime CEO Erik Lewenhaupt. "Despite existing charter agreements, the continued weak tanker market poses challenges...

"Despite existing charter agreements, the continued weak tanker market poses challenges for Concordia Maritime. The sale of Stena Perros is aimed at improving the Company's financial position and is in line with the bank agreement signed in autumn 2021. Further sales cannot be ruled out in the future unless we see a rapid recovery in the tanker transport market", says Concordia Maritime CEO Erik Lewenhaupt.

For more information, please contact:

Erik Lewenhaupt                                                                                    
CEO, Concordia Maritime AB                                  
+46 704 855 188                           
[email protected]                                         

This information is information that Concordia Maritime Aktiebolag (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on 15 January 2022 at 16.30 CET.

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https://news.cision.com/concordia-maritime/r/sale-of-p-max-vessel--in-line-with-bank-agreement,c3486751

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