Concordia Maritime signs cooperation agreement with Shell

Concordia Maritime has signed an agreement with Shell Tankers Singapore Private
Ltd (Shell) covering the employment of the P-MAX tankers Stena Penguin and Stena
Progress.
“Generally speaking, the product tanker market is developing well and in
accordance with our planned fleet disposition. We are of course happy to have
concluded this business”, says Kim Ullman, CEO of Concordia Maritime.

The Stena Penguin (built in 2010) and the Stena Progress (built in 2009) are two
of the ten P-MAX tankers in Concordia Maritime’s fleet. The vessels have a
double hull, two engine rooms with full water and fire integrity and two
separate propulsion systems. Manoeuvrability and an integrated bridge layout are
also very important when it comes to facilitating safe navigation in narrow
channels.

Technical data for the P-MAX tankers:
Length: 183 m, beam: 40 m, draft (design): 11.3 m, deadweight: 65,200 tons.
Kim Ullman
CEO
Concordia Maritime AB

Tel: 46 31 855003
Mobile: 46 704 855003
E-mail: kim.ullman@concordiamaritime.com
Concordia Maritime is an international tanker shipping company. We focus on cost
-efficient and safe transportation of refined petroleum products and vegetable
oils. The company’s B shares were admitted to trading on Nasdaq OMX Stockholm in
1984.

www.concordiamaritime.com