Concord Maritime buys first vessel in Arcadia deal

Connecticut-based commercial manager Concord Maritime has bought its first vessel, taking Arcadia Maritime’s 115,900-dwt Aegean Blue (built 2007).

Concord chief executive Ben Ognibene confirmed the purchase today in response to a query from TradeWinds, adding that his Stamford-based outfit has taken delivery and renamed the aframax tanker Dakota Strength.

Ognibene declined to disclose the purchase price, which has been reported in the market at $22m.