Releases - Concordia Maritime

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2007

 

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Delivery of Stena Perros from Brodosplit

Today Concordia Maritime’s product tanker Stena Perros will be delivered from Brodosplit Shipyard, Croatia. The vessel has been signed to a 5-year time charter with the French oil and energy company TOTAL to transport refined products. The Stena Perros, a so-called P-MAX tanker, is the sixth in a series of ten units ordered. The Stena Perros was named on 1 December at Brodosplit.

Stena Perros naming ceremony at Brodosplit Shipyard

Today Concordia Maritime’s product tanker Stena Perros, a so-called P-MAX tanker, will be named at Brodosplit Shipyard in Croatia. The Stena Perros, like her sisters Stena Paris and Stena Provence, both of which were built and named at Brodosplit, has been chartered to the French oil and energy company TOTAL. Delivery of the Stena Perros will be made shortly.
The godmother of the Stena Perros is Faustine le...

REVISED FORECAST FULL YEAR RESULT 2007

- Forecast full year 2007 MSEK 50 (previous forecast MSEK 65)
- Per share SEK 1.05 (previous forecast 1.36)
In the forecast presented in the third quarter report it was stated that freight levels of USD 28,000 per day in the product tanker market were required to meet the forecasted result of MSEK 65. The expected market upturn has not materialized and the freight levels have so far been substantially lower....

Interim Report 1 January - 30 September, 2007

* Net sales: SEK 339.3 (256.4) million * Profit after tax: SEK 31.5 (48.0) million * Profit per share: SEK 0.66 (1.01) * Despite a weak market, the product tanker segment posted an operating result (EBIT) of SEK 21.7 million for the third quarter. The large tanker segment generated an operating result (EBIT) of SEK -6.1 million for the third quarter. * Forecast for 2007: A profit before tax of SEK 65 million...

TELECONFERENCE INVITATION

Concordia Maritime invites you to a teleconference on 22 October, 2007, 10:00 CEST.

The Interim Report for Q3, 2007, will be presented and questions answered.
Attending:
Hans Norén, President
Göran Hermansson, Financial Manager
Phone: +44 (0)20 7162 0125 or
+46 (0)8 5052 0114
Conference title: Concordia Maritime

Recorded conference is available until 30 October 2007:
Phone +44 (0)20 7031 4064...
 

Stena President delivered from Brodosplit

Concordia Maritime’s product tanker Stena President will be delivered from Brodosplit Shipyard in Croatia today. The tanker will enter a 10-year charter with the Russian company Argo Shipping and transport refined products from the Baltic Sea and the White Sea to Europe and the US. The Stena President, a so-called P-MAX tanker, is the fifth in a series of ten units ordered. The Stena President was named last Friday...

Stena President named in Split

Concordia Maritime’s product tanker Stena President – the fifth of ten tankers in the P-MAX series – will be named today. The naming ceremony will be held at Brodosplit Shipyard out-side Split. After her delivery, the tanker will enter a 10-year charter with Argo Shipping and transport oil from e.g. ports in the Baltic Sea and around the White Sea to Europe and the US.

INTERIM REPORT CONCORDIA MARITIME AB (PUBL)

The product tanker market was strong throughout the first half of the year and the segment generated a strong cash flow, which exceeded expectations. A new agreement signed with TOTAL for additional time charters totalling 9 years. The large tanker Stena Vision has re-entered service.
Net sales: SEK 224.7 (153.3) million

Profit after tax: SEK 22.5 (18.7) million

Profit after tax per share SEK 0.47...

TELECONFERENCE INVITATION

Concordia Maritime invites you to a teleconference on 15 August, 2007, 10:00 CEST.
The Interim Report for Q2, 2007, will be presented and questions answered.
Attending:
Hans Norén, President
Göran Hermansson, Financial Manager
Phone: +44 (0)20 7162 0025 or
+46 (0)8 5052 0110
Conference title: Concordia Maritime

Recorded conference is available until 23 August 2007:
Phone +44 (0)20 7031 4064...

Concordia Maritime signs strategic agreement with TOTAL

Concordia Maritime and the French oil and energy company TOTAL signed an agreement today covering charters totalling nine years for three different P-MAX tankers. The agreement is for a 5-year time charter* of the Stena Progress, which will be delivered from Brodosplit Shipyard at the end of 2009 as well as 2-year extensions of the existing charters of the sister ships Stena Paris and Stena Provence, whose current...

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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