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Sale of three P-MAX vessels

Second-hand prices for product tankers have risen sharply in the past six months as the freight market has soared. Tonnage older than 10 years has risen the most in percentage terms. Since the end of March 2022, benchmark prices for a 15-year-old MR vessel (47,000 dwt) have risen by around 70 percent. Behind the development is a strong tanker market as a result of, among other things, changed trading patterns due to the war in Ukraine and a high demand for ships. Second-hand prices for product...
GOTHENBURG, Sweden, (informazione.news - comunicati stampa - trasporti)

Second-hand prices for product tankers have risen sharply in the past six months as the freight market has soared. Tonnage older than 10 years has risen the most in percentage terms. Since the end of March 2022 , benchmark prices for a 15-year-old MR vessel (47,000 dwt) have risen by around 70 percent. Behind the development is a strong tanker market as a result of, among other things, changed trading patterns due to the war in Ukraine and a high demand for ships.

 says Erik Lewenhaupt , CEO of Concordia Maritime.

In accordance with existing bank agreement, the surplus from the sale will be used for accelerated repayment of loans and thereby strengthening the company financially.

After the sale of the three ships, Concordia Maritime's fleet consists of four ships built in 2009-2011.

For images of Stena Primorsk, Stena Performance and Stena Provence , please visit concordiamaritime.com/en/news/images

Erik Lewenhaupt

CEO, Concordia Maritime AB

+46 704 855 188

erik.lewenhaupt@concordiamaritime.com

 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/concordia-maritime/r/sale-of-three-p-max-vessels,c3632213

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