Concordia Maritime Signs Charter Contracts With Lukoil.STOCKHOLM, Sweden -- Concordia Maritime (STO:CCORB) has today signed two-year timecharter contracts for the V-MAX vessels Stena Vision and Stena Victory with Litasco, a subsidiary of the Russian oil company Lukoil. E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]The new time charters will commence immediately upon expiration of the current charter contracts with the American oil company Sunoco at the end of 2007. E[acute accent]The vessels are chartered in from Arlington Tankers Ltd until the end of 2009. E[acute accent]With the new time charter contracts Concordia Maritime has secured employment for the entire period. E[acute accent]The agreement is estimated to give a positive effect on the result of approx. 20 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner per year for 2008 and 2009. E[acute accent]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. . E[acute accent]In total eight vessels, which are being built in accordance with the MAX concept, are on ordered. These vessels, P-MAX, are product tankers of about 65,200 dwt. E[acute accent]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. E[acute accent]In 2004, two Panamax tankers of about 75,000 dwt, in which the company has a 50 per cent share, were ordered. E[acute accent]All the six vessels on order will be delivered over a 2-year period from the end of 2005. E[acute accent]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. E[acute accent]INNOVATION AND PERFORMANCE E[acute accent]Our mission is to generate a profit by providing our customers with safe, cost-efficient tanker transportation based on innovation and performance. E[acute accent]This information was brought to you by Waymaker http://www.waymaker.net |
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