Concordia Maritime has sold a post-panamax product tanker in a move aimed at improving its financial position.

The Swedish tanker owner said the sale of the 65,200-dwt Stena Perros (built 2007) is expected to have a positive liquidity effect of about $1.4m.

Concordia said the ice-classed tanker had gone to an oil company with operations in Africa. It will be handed over to its new owner at the end of January.