Releases - Concordia Maritime

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2004

 

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Press release from Concordia Maritime AB

12/14/2004 4:39 AM EST
• Revised full-year forecast for 2004: Profit before tax SEK 730 million (SEK 15.29 per share) – previous forecast: SEK 750 million (SEK 15.71 per share). • Delivery of the remaining Concordia Class tanker Stena Congress has been delayed until January, 2005. Consequently, the capital gain of approx. SEK 45 million will be reported in 2005 instead of 2004. • The investment banks acting as underwriters in the initial...

Correction - Press release Concordia Maritime

11/9/2004 3:58 AM EST
Unfortunately a printing error appeared in earlier release.
The second paragraph should read: This means that the sale of the two V-MAX tankers will take place. The date for finalising the sale is set for 10 November. We apologize for any inconvenience this may have caused. 9 November, 2004 Concordia Maritime AB

Press release from Concordia Maritime AB

11/9/2004 3:18 AM EST
• The public offering in the US of newly formed Arlington Tankers Ltd has now been completed and Concordia Maritime’s sale of the two V-MAX tankers will be closed on 10 November
• New full-year forecast after the sale of the V-MAX tankers:
Profit before tax of SEK 750 million (SEK 15.71 per share) – previous forecast: SEK 170 million (SEK 3.56 per share)
In a press release on 21 October, Concordia Maritime...

Interim Report for Concordia Maritime AB (publ)

10/22/2004 10:22 AM EST
• An agreement has been signed to sell the two V-MAX tankers to the newly formed company Arlington Tankers Ltd. The consummation of the sale of the two vessels is conditioned on the completion by Arlington Tankers of its public offering and bank financing. The sale to Arlington Tankers is not taken into account in this interim report. See also the enclosed press release. • Profit after tax SEK 114.0 (42.2) million...

Concordia Maritime nine-month interim report will be published tomorrow, 21st oc...

10/20/2004 6:42 AM EST
Concordia Maritime nine-month interim report will be published tomorrow, 21st october, instead of today, 20th october, as announced earlier.

Concordia signs 10-year charters for two Stena P-MAX tankers with Progetra for o...

9/9/2004 4:24 AM EST
Today, Concordia Maritime signed two 10-year time-charter contracts for two Stena P-MAX tankers with Progetra S.A.
This means that Concordia has now secured employment for four of the six P-MAX tankers on order. 5-year time-charter contracts for two vessels had previously been signed with the French oil company TOTAL.

The Baltic Sea will be the primary traffic area.
The design, which increases the P-MAX...

CONCORDIA ORDERS TANKER TONNAGE WITH HIGHEST ICE CLASS FOR FORTUM

8/26/2004 2:52 AM EST
Today, Concordia Maritime signed an agreement to participate on a 50/50 basis in a consortium, which will own two Panamax product tankers built to Finnish/Swedish ice class 1A specifications and ordered by Concordia Maritime. A 10-year time-charter agreement has been signed with the Finnish energy group Fortum. The vessels, which will be named Stena Polaris and Stena Poseidon, will transport primarily Fortum’s...

Interim Report Q2 2004 Concordia Maritime

8/16/2004 7:45 AM EST
• Profit after tax SEK 100.2 (68.3) million – SEK 2.10 (1.43) per share
• SEK 44.7 (-7.6) million profit on the sale of a ship included
• Forecast for full year: SEK 170 million (SEK 3.56 per share) – an increase of SEK 20 million compared with previous forecast
• Forecast profit per share after tax: SEK 3.28
SALES AND RESULT
6 months
Consolidated sales for the first six months amounted to SEK 225.2 (449.1)...

INFORMATION FROM CONCORDIA MARITIME AB

5/7/2004 1:07 PM EST
New time charter contract for Concordia’s V-MAX vessels
Concordia Maritime has today entered into a new time charter contract with the American oil company Sunoco regarding the group’s two V-MAX vessels, Stena Vision och Stena Victory. The new agreement is for three years with starting date when current contracts expire this summer.

The forecast for the full year as presented April 29th in the Interim Report...

INTERIM REPORT FOR CONCORDIA MARITIME AB (publ) 1 January – 31 March, 2004

5/5/2004 10:10 AM EST
- Profit after tax SEK 44.3 (67.3) million – SEK 0.93 (1.41) per share
- Forecast for full year: SEK 150 million (SEK 3.14 per share) – an increase of SEK 15 million compared with earlier forecast
- The forecast for the full year includes a capital gain of approx. SEK 70 million on the sale of ships
- Lars Carlsson steps down as President and is succeeded by Executive Vice President Hans Norén

Further information...

Concordia Maritime

Concordia Maritime is an international shipping company. Our focus is on the cost-efficient and safe transportation of refined petroleum products such as gasoline, diesel fuel and aviation fuel. The series B-share has be...

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