Concordia Maritime Signs Cooperation Agreement with Shell

  Concordia Maritime Signs Cooperation Agreement with Shell

Business Wire

GÖTEBORG, Sweden -- February 14, 2014

Regulatory News:

Concordia Maritime (STO:CCORB) has signed an agreement with Shell Tankers
Singapore Private Ltd (Shell) covering the employment of the P-MAX tankers
Stena Penguin and Stena Progress.

“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”, says Kim Ullman, CEO of Concordia Maritime.

The Stena Penguin (built in 2010) and the Stena Progress (built in 2009) are
two of the ten P-MAX tankers in Concordia Maritime’s fleet. The vessels have a
double hull, two engine rooms with full water and fire integrity and two
separate propulsion systems. Manoeuvrability and an integrated bridge layout
are also very important when it comes to facilitating safe navigation in
narrow channels.

Technical data for the P-MAX tankers: Length: 183 m, beam: 40 m, draft
(design): 11.3 m, deadweight: 65,200 tons.

Concordia Maritime is an international tanker shipping company. We focus on
cost-efficient and safe transportation of refined petroleum products and
vegetable oils. The company’s B shares were admitted to trading on Nasdaq OMX
Stockholm in 1984.

This information was brought to you by Cision


Concordia Maritime AB
Kim Ullman, CEO
Tel: 46 31 855003
Mobile: 46 704 855003
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