Restructured Concordia Maritime has offloaded another tanker as it seeks to boost its liquidity and cut costs.
The Stockholm-listed company was refinanced last year by its parent Stena and its lenders in weak markets, signalling that vessel sales were on the cards.
The 65,000-dwt P-Max product carrier Stena President (built 2007) has now been offloaded to an unnamed Greek buyer, Concordia said.
