Information from Concordia Maritime AB

New time charter contract for Concordia's V-MAX vessels


GOTHENBURG, Sweden, May 7, 2004 (PRIMEZONE) -- 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 for the first quarter 2004 is unchanged, MSEK 150, equivalent to SEK 3,14 per share.

REPORTS AND INFORMATION

The Interim Report for the first six months of 2004 will be published on 12 August and the 9-month Report on 20 October.

Historical and current reports, together with news and comments on the Company and the tanker markets, can be found on our website www.concordia-maritime.se.


 Gothenburg, 7 May, 2004 
 CONCORDIA MARITIME AB (publ)

 Hans Noren, President
 Telephone +46 31 85 51 01, +46 704 85 51 01

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