Interim Report Concordia Maritime AB (Publ) 1 January - 31 March

Interim Report Concordia Maritime AB (Publ) 1 January - 31 March

A strong product tanker market in the first quarter generated an operating
result of SEK 23.7 million for the segment compared with a full-year result of
SEK 51.9 million in 2006

Unchanged forecast for 2007: Profit before tax SEK 80 million corresponding to
SEK 1.68 per share

A one-time cost of SEK 9.8 million has been charged to the profit following a
final decision on dispute

A cost of SEK 7.8 million has been charged to the profit due to repairs of Stena
Vision's reduction being delayed

Net sales SEK 118.1 million (72.7 million)

Profit after tax: SEK 5.2 million (17.2 million, including exchange rate
differences of SEK 4.5 million)

Profit per share after tax: SEK 0.11 (0.36)


Hans Norén, President
+46 31-85 51 01 or
+46 704-85 51 01

Göran Hermansson, Financial Manager 
+46 31-85 50 46 or
+46 704-85 50 46


Concordia Maritime AB (publ) is an international tanker shipping company listed
on the Stockholm Stock Exchange. The company has ordered ten vessels, 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. In addition to having mandatory double hulls, 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.

In 2004, two Panamax tankers of about 75,000 dwt, in which the company has a 50
per cent share, were ordered. 

The first six P-MAX vessels and the two Panamax vessels will be delivered by
2008. Another four PMAX vessels are on order with delivery during 2009/2010.

Concordia Maritime also has two VLCCs, each 313,000 dwt, on time charter for
five years. These vessels, V-MAX, which were taken into service in 2001, were
originally built for Concordia and are the first vessels built in accordance
with the MAX concept.

INNOVATION AND PERFORMANCE
Our mission is to generate a profit by providing our customers with safe,
cost-efficient tanker transportation based on innovation and performance.