Sale of P-MAX tanker Stena President

"The weak tanker market during Q1 poses continued challenges for Concordia Maritime. The sale of Stena President is made to avoid docking costs and strengthen the company's financial position. Further sales cannot be ruled out unless we see a lasting recovery in the tanker transport market," says Concordia Maritime CEO Erik Lewenhaupt. " The weak tanker market during Q1 poses continued challenges for Concordia Maritime. The sale ofStena Presidentis made to avoid docking costs and strengthen...

"The weak tanker market during Q1 poses continued challenges for Concordia Maritime. The sale of Stena President is made to avoid docking costs and strengthen the company's financial position. Further sales cannot be ruled out unless we see a lasting 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 2 March 2022 at 15:15 CET.

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https://news.cision.com/concordia-maritime/r/sale-of-p-max-tanker-stena-president,c3517580

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