Releases - Concordia Maritime

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2008

 

Found press releases

 

Concordia Maritime appoints HQ Bank as liquidity provider

11/6/2008 2:30 AM EST
Concordia Maritime AB (publ) has entered into an agreement with HQ Bank AB according to which HQ Bank AB will act as liquidity provider as regards the company’s share within the framework of OMX Nordic Exchange Stockholm AB’s system for liquidity provision as of 6 November 2008. The aim of liquidity provision is to promote the liquidity of the share.
Briefly, according to the terms of the agreement, the...

Interim Report 1 January - 30 September 2008

10/23/2008 9:00 AM EST
• Net sales: SEK 391.9 (339.3) million • Profit after tax: SEK 55.8 (31.5) million • Profit per share after tax: SEK 1.17 (0.66) • EBITDA of USD 18.1 (9.2) million • Forecast for 2008 unchanged: A profit before tax of SEK 70 million

TELECONFERENCE INVITATION

10/22/2008 7:45 AM EST
Concordia Maritime invites you to a teleconference on
24 October, 2008, 10:00 CEST.
The Interim Report for Q3, 2008, will be presented and questions answered.
Attending:
Hans Norén, President
Göran Hermansson, Financial Manager
Phone: +44 (0)20 7162 0077 or
+46 (0)8 5052 0110
Conference title: Concordia Maritime

Recorded conference is available until 31 October 2008.
Phone +44 (0)20 7031 4064...

Concordia Maritime, Total and MAN Diesel in joint Energy Savings

10/17/2008 8:00 AM EST
Concordia Maritime and French energy company Total have jointly taken the decision to install MAN Diesel turbochargers with the company’s new VTA variable turbine area technology aboard a new tanker. The turbochargers with VTA technology will equip the MAN B&W brand low speed engines aboard the new P-MAX tanker Stena Progress, which will be delivered June 2009. On the basis of earlier trials, they are expected to...

Termination of equity hedge

9/5/2008 8:58 AM EST
Today, Concordia Maritime has terminated the equity hedge that has been in place since 2005 and which currently amounts to USD 135 million, equivalent to approx. 50% of equity.

The decision will not have any impact on the income statement.

Concordia Maritime’s functional currency is USD, i.e. the major part of its revenues, costs and the balance sheet are denominated in USD. This means that changes in the...

Interim Report 1 January – 30 June 2008

8/13/2008 2:15 AM EST
• Net sales: SEK 257.7 (224.7) million • Profit after tax: SEK 39.3 (22.5) million • Profit per share after tax: SEK 0.82 (0.47) • EBITDA of USD 11.6 (5.3) million
.

TELECONFERENCE INVITATION

8/11/2008 7:38 AM EST
Concordia Maritime invites you to a teleconference on 13 August, 2008, 14:00 CEST.

The Interim Report for Q2, 2008, 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 20 August 2008.
Phone +44 (0)20 7031 4064...

Concordia Maritime concludes time charter contracts for three P-MAX vessel new b...

5/20/2008 8:04 AM EST
Today Concordia Maritime have entered into time charter contracts for three of their
P-MAX new buildings with ST Shipping and Transport, a subsidiary of Glencore. The contract period is three years for each vessel upon delivery from the shipyard.
In total Concordia Maritime´s P-MAX fleet consists of ten vessels, of which six have been delivered and the four remaining will be delivered in 2009 and 2010. With...

Press release from AGM Concordia Maritime AB (publ)

4/23/2008 7:47 AM EST
At the Annual General Meeting of Concordia Maritime AB held on 22 April, 2008, Dan Sten Olsson was re-elected as Chairman of the Board together with Per Bjurström, Stefan Brocker, Bert Åke Eriksson, C. Mikael von Mentzer (Vice Chairman), Morten Chr. Mo and Mats Jansson, who were also re-elected as board members, in accordance with the proposal presented by the nomination committee.

Interim Report Concordia Maritime (Publ) 1 January – 31 March 2008

4/22/2008 8:40 AM EST
* Net sales: SEK 132.7 (118.1) million * Profit after tax: SEK 20.4 million (5.2) million * Profit per share after tax: SEK 0.43 (0.11) * EBITDA of USD 6.6 (2.0) million, an increase of approx. 55% compared with 4th quarter, 2007 (USD 4.2 million) For the full report, please see attached PDF or visit www.concordia-maritime.se

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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