Concordia Maritime announced it has entered into a contract for the sale of the P-MAX panamax tanker STENA PERROS. The buyer is an oil company with operations in Africa and delivery is scheduled for the end of January.
Concordia says the sale will have a positive liquidity effect of about $1.4m, although the sale price was less than previously expected due to the vessel being sold in an undocked condition and the current poor tanker market. The vessels is due for a five-year survey later this year.
STENA PERROS was seen at Valletta for Malta Shipyards as BRODOSPLIT 446 back to October 2007.
Despite existing charter agreements, the continued weak tanker market poses challenges for Concordia Maritime. The sale of STENA PERROS is aimed at improving the Company’s financial position and is in line with the bank agreement signed in autumn 2021. Further sales cannot be ruled out in the future unless we see a rapid recovery in the tanker transport market”, says Concordia Maritime CEO Erik Lewenhaupt.
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Published – Saturday 22nd January ,2022.