Concordia Maritime AB Signs Contract for a Further Two P-MAX Tankers.STOCKHOLM, Sweden -- Concordia Maritime INTEREST, MARITIME. By maritime interest is understood the profit of money lent on bottomry or respondentia, which is allowed to be greater than simple interest because the capital of the lender is put in jeopardy. and Brodosplit Shipyard, Croatia, have signed a contract for the construction of a further two P-MAX product tankers. The contract is conditional on final approval being given by the boards of directors of Concordia Maritime and Brodosplit. This approval is expected to be given in about a month. The vessels, which will be nos. 7 and 8 in the P-MAX series, are expected to be delivered during the fourth quarter of 2009. Two of the first six vessels have been delivered, two will be delivered in 2006 and two at the end of 2007/beginning of 2008. Concordia Maritime is an international tanker shipping company listed on the O List on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. . In 2003, six vessels, which are being built in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the MAX concept, were ordered. These vessels, P-MAX, are product tankers of about 49,900 dwt. The MAX concept means that the vessels are designed for maximum loading capacity in shallow waters See:
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a new concept for safer oil transportation with double main engines in two completely separate engine rooms, double rudders and steering gear steering gear n. The mechanism by which dispositions of the steering controls of a vehicle are transferred to the part that interacts with the external medium. Noun 1. , two propellers and double control systems. In 2004, two Panamax tankers of about 75,000 dwt, in which the company has a 50 per cent share, were ordered. All the six vessels on order will be delivered over a 2-year period from the end of 2005. Concordia Maritime also has two VLCCs, each 313,000 dwt, on time charter for five years. These vessels, V-MAX, which were taken into service in 2001, were originally built for Concordia and are the first vessels built in accordance with the MAX concept. INNOVATION AND PERFORMANCE Our mission is to generate a profit by providing our customers with safe, cost-efficient tanker transportation based on innovation and performance. This information was brought to you by Waymaker http://www.waymaker.net |
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