Technical design study on conversion launched

The container segment has shown strong growth in recent years, driven by disruptions to international logistics as well as more structural factors. The container segment has shown strong growth in recent years, driven by disruptions to international logistics as well as more structural factors. According to initial assessments, the P-MAX vessels' two engines, with full redundancy, and other dimensions make them possible to convert to container vessels with a capacity of approximately 2,100...

Sweden, 08/02/2022 (informazione.news - comunicati stampa - trasporti)

The container segment has shown strong growth in recent years, driven by disruptions to international logistics as well as more structural factors.

According to initial assessments, the P-MAX vessels' two engines, with full redundancy, and other dimensions make them possible to convert to container vessels with a capacity of approximately 2,100 TEU. It should be stressed that there are a number of technical and market challenges to convert and adapt P-MAX tankers to container ships and there is therefore a risk that the study will lead to that the project will not be concluded.

The technical design study is expected to be completed by the end of Q2 2022 and - if the result is positive - it will be followed by discussions with shipyards and possible charterers to explore potential interest. A full conversion is expected to take approximately 3-5 months.

Concordia Maritime owns a total of 9 P-MAX vessels.

Erik Lewenhaupt
CEO, Concordia Maritime AB
+46 704 855 188
erik.lewenhaupt@concordiamaritime.com             

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https://news.cision.com/concordia-maritime/r/technical-design-study-on-conversion-launched,c3500531

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