The product tanker Palva delivered

The product tanker Palva delivered

The product tanker Palva was delivered today from Bordosplit Shipyard in Split. The Palva and her sister the Stena Poseidon, which was delivered from the same shipyard in January, this year, are jointly owned by Concordia Maritime and Neste Shipping on a 50-50 basis. Both vessels have been signed to 10-years charters with Neste Oil.

The Palva was named at Brodosplit Shipyard in Split at the end of last year together with her sister the Stena Poseidon. Both vessels will operate in part in the Baltic Sea and have Finland as their starting point for voyages to North America.

The Palva and the Stena Poseidon are so-called Panamax tankers, i.e. they are designed to be able to pass through the narrow passages in the Panama Canal's locks. In addition, the vessels have been built to Ice Class 1A specifications, which means that they are able to sail in a channel with 1.0 metre thick ice. Together with a 360o view from the bridge, they have an extra large cargo intake and adjustable propellers for greater maneuverability when sailing through ice.

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Technical data for the Panamax tankers
Length 	228.6 m
Breadth 	32.24 m
Draft 	20.45 m
Deadweight 	75,000 tons
Cargo volume	85,500 m³


For further information, please contact:
Hans Norén
President, Concordia Maritime AB (publ)
Mobile: +46 704 85 51 01


Concordia Maritime is an international tanker shipping company listed on the Stockholm Exchange. The company has ordered ten tankers, which are being built in accordance with the MAX concept. These vessels, P-MAX, are product tankers of about 65,200 dwt. The MAX concept means that the vessels are designed for maximum loading capacity in shallow waters. They have been designed according to a new concept for safer oil transportation with double main engines in two completely separate engine rooms, double rudders and steering gear, two propellers and double control systems. www.concordia-maritime.se.

Neste Oil is a well-established North European oil company, which refines and markets high-quality traffic fuels and other petroleum products with reduced environmental impact. The company is listed on the Helsinki Stock Exchange.