Concordia Maritime enters into charter contract for Panamax

The Stena Group's tanker carrier Concordia Maritime has signed a 2 year time charter contract for one of its Panamax vessels. The contract will take effect in early 2016 and the partner is a Chinese shipping company.

Photo: Stena

Concordia Maritime, the tanker unit of the Swedish Stena Group, has signed a charter contract for one of its Panamax vessels, the company writes in a statement.

The ship will primarily be used to transport heavy oil products between Korean, Japan and China. This tanker vessel is ideal for for transport in these ports, as several of them are relatively shallow, writes Concordia in the statement, referring to the fact that the vessel has a shallow draft as well as a high load capacity.

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