Delivery of Stena Perros from Brodosplit

Delivery of Stena Perros from Brodosplit

Today Concordia Maritime's product tanker Stena Perros will be delivered from
Brodosplit Shipyard, Croatia. The vessel has been signed to a 5-year time
charter with the French oil and energy company TOTAL to transport refined
products. The Stena Perros, a so-called P-MAX tanker, is the sixth in a series
of ten units ordered. The Stena Perros was named on 1 December at Brodosplit.

The Stena Perros' sisters, the Stena Paris, delivered in 2005, and the Stena
Provence, delivered in 2006, have been contracted by TOTAL for 5 years plus a
2-year extension. Additionally, the Stena Progress, the seventh P-MAX tanker
with delivery set for the 4th quarter, 2009, has already been signed to a 5-year
charter with TOTAL. In all, TOTAL has four of ten P-MAX tankers on time
charters* with a remaining charter period of 22 years.

* Time charter = The shipping company charters out its ships complete and crewed
for a payment based on a certain sum per day or a certain sum per deadweight ton
and month. The party chartering the ship pays for bunker and port fees.	

The P-MAX tankers have the following technical data: Length: 183 m, breadth: 40
m, draft (design): 11.3 m, deadweight: 65,200 tons.


Hans Norén	
President	
Telefon +46 31 855101	
Mobil +46 704 855101

Göran Hermansson
Financial Manager
Tel +46 31 855046
Mobil +46 704 855046

Concordia Maritime is an international tanker shipping company listed on the OMX
Nordic Exchange in Stockholm. 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