Independently listed Stena division Concordia says it has taken a 50% share of a suezmax that will trade in the Stena Sonangol Suezmax pool.
It explains the tanker, built in South Korea in 2012, has already been delivered to begin its one year contract.
Kim Ullman, chief executive of Concordia Maritime, said in a statement to investors: “This is an attractive deal within a part of the tank segment that is already strong, and for which there are substantial expectations ahead of next year.
“Since Concordia Maritime currently only has one crude oil vessel, we regard the expansion as an exciting complement to our P-MAX fleet and our focus on product tankers.”
Attempts to contact Ullman for further details were unsuccessful at the time of writing Wednesday.
Suezmax rates have been in a seasonal sweet spot, with earnings in the spot market presently above $37,000 daily, against the $24,300 average in the year to date, data from ICAP shows.
