Concordia Maritime: Interim Report 1 January-30 June 2009.

Good earnings in a continuing weak market

STOCKHOLM, Sweden -- Regulatory News:

Concordia Maritime (STO:CCORB):

* Net turnover: SEK 340.8 (257.7) million

* Profit after tax SEK 23.9 (39.3) million

* Profit per share: SEK 0.50 (0.82)

* EBITDA of USD 11.4 (11.6) million

* Available liquid funds (including un utilised credit facilities): SEK 532.7 (605.7) million

* Equity per share: SEK 39.41 (31-12-2008: SEK 41.21)

* Forecast for 2009: SEK 45 million, corresponding to SEK 0.94 per share

* Business operations proceeding according to plan

* Market continuing to weaken

Concordia Maritime AB (publ) is an international tanker shipping company listed on the Nasdaq OMX Stockholm. The company has ordered ten tankers, which are being built in accordance with the MAX concept. Six P-MAX-vessels have been delivered and four will be delivered during 2009/2010. These vessels, P-MAX, are product tankers of about 65,200 dwt. The MAX concept means that the vessels are designed for maximum loading capacity in shallow waters. They have been designed according to a new concept for safer oil transportation with double main engines in two completely separate engine rooms, double rudders and steering gear, two propellers and double control systems. www.concordia-maritime.se

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