Concordia Maritime has wound its fleet down to a single vessel.

The Stena-backed Swedish owner has sold the 65,200-dwt Stena Progress (built 2009) and the Stena Premium (built 2011) in a deal it said would add SEK 100m ($9.4m) to its coffers.

“With the sale, we continue to take advantage of the strong market and the high prices for older vessels,” chief executive Erik Lewenhaupt said.