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Concordia Maritime wins award again for its stock market information

12/6/2011 10:00 AM EST  -   Concordia Maritime
Today, Concordia Maritime, which is active in tanker shipping, was awarded the prize for “Best Annual Report” in Nasdaq OMX’s annual competition. The award was presented at a ceremony at FinForum in Stockholm.
“Someone said that our annual report could function as a textbook in shipping and I think that’s praise indeed. We put a lot of effort into really explaining the necessary conditions for our business,...

Interim Report 1 January - 30 September 2011

11/2/2011 2:47 AM EST  -   Concordia Maritime
Net sales: SEK 421.6 (367.9) million
Result after tax SEK 58.9 (61.5) million
Result per share after tax: SEK 1.23 (1.29)
EBITDA USD 28.3 (22.2) million
Available liquid funds (including unutilised credit facilities) SEK 668.1 (653.0) million
Two P-MAX vessels were employed in the open market in the third quarter. All other vessels are still employed on contracts.

Good availability of liquid funds, SEK 668.1...

Interim Report 1 January-30 June 2011

8/16/2011 8:55 AM EST  -   Concordia Maritime
Business operations proceeding according to plan. Three ships were taken in for scheduled drydock in the second quarter. The tenth P-MAX tanker was delivered during the second quarter. The newbuilding program now consists of one suezmax tanker. Continuing good availability of liquid funds, SEK 636.6 (709.7) million. Forecast for 2011: result before tax of USD 10-13 million, approx. SEK 65-85 million, depending on...

Concordia Maritime upgrading ships and changing fleet disposition

8/9/2011 2:30 AM EST  -   Concordia Maritime
Concordia Maritime has now completed the upgrade of two of its P-MAX tankers to chemical class III, so-called IMO III classification. This means that the vessels are now also able to transport vegetable oils, in addition to refined petroleum products and crude oil. The vessels in question are the Stena Performance, re-delivered from her time charter at the end of June, and the latest addition to the fleet, the Stena...
Image smartphone
 

Concordia Maritime launch App

7/7/2011 8:39 AM EST  -   Concordia Maritime
Concordia Maritime’s new App is a shortcut to information about our share price, financial performance, our fleet and much more.
“We always strive to make it easy for our stakeholders to follow us. We put a lot of effort into explaining what we do and how we do it. With our new App we make it even easier to access the information”, says Göran Hermansson, CFO.

Download the App free of charge to your...

Maersk Line purchases an additional 10 Triple-E vessels

6/28/2011 11:05 AM EST  -   Triple LBi
Today, at a signing ceremony in Tokyo, Japan, Maersk Line exercised its option with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build an additional 10 Triple-E ships, the world’s largest container ship.
The event follows Maersk Line's order in February this year for 10 Triple-E vessels with two options - each for an additional 10 ships.

“I am very excited to have signed a contract with Daewoo...

Delivery of Stena Premium

6/13/2011 10:36 AM EST  -   Concordia Maritime
Concordia Maritime has taken delivery of the product tanker Stena Premium, which will soon enter into a 3-year charter contract with Glencore subsidiary ST Shipping.
The Stena Premium is the tenth and last P-MAX tanker in the so-called P-MAX series ordered from the Croatian shipyard Brodosplit.
The tankers in the P-MAX series have all been signed to charters of between three and ten years from delivery.
The...
LNG Carrier
 

Stena Bulk on the offensive – invests SEK 4.5 billion in three ultramodern LNG t...

5/24/2011 2:35 AM EST  -   Stena Bulk
Stena Bulk is on the offensive again – this time in the transportation liquid natural gas.

The company has purchased three LNG (Liquefied Natural Gas) tankers from the Taiwan-based shipping company TMT for a total of USD 700 million, approx. SEK 4.5 billion.
The three LNG tankers are the “Stena Blue Sky” (145,000 cubic metres), which was built in 2006, and the two newly built tankers “Stena Clear Sky” and “...

Notice from the Annual General Meeting of Concordia Maritime AB (publ) held on 2...

4/29/2011 7:23 AM EST  -   Concordia Maritime
At the Annual General Meeting of Concordia Maritime AB held on 28 April, 2011, Dan Sten Olsson was re-elected as Chairman of the Board together with 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.

Concordia Maritime AB (publ) Interim Report 1 January – 31 March 2011

4/28/2011 9:00 AM EST  -   Concordia Maritime
Q1 Net turnover MSEK 159,0 Result after tax MSEK 20,9 Result per share SEK 0,44 EBITDA MUSD 8,9 Available liquid funds1) MSEK 713,2 1) Including unutilised credit facilities Contact Hans Norén, President, +46 704 855101 Göran Hermansson, CFO, +46 704 855046