Concordia Maritime increases exposure in the crude oil segment through chartering contract of Suezmax tanker.

Concordia Maritime takes a position in the Stena Bulk’s Suezmax fleet
corresponding to a 50 percent charter of one tanker. The transaction was done by
Stena Bulk and the vessel will operate during one year on the open spot market
in the successful Stena Sonangol Suezmax pool, which already includes Concordia
Maritime’s Suezmax tanker Stena Supreme. The chartered vessel was built in South
Korea in 2012 and has a deadweight of 158,000 tons. Delivery of the tanker has
already taken place.
“This is an attractive deal within a part of the tank segment that is already
strong, and for which there are substantial expectations ahead of next year.
Since Concordia Maritime currently only has one crude oil vessel, we regard the
expansion as an exciting complement to our P-MAX fleet and our focus on product
tankers,” says Kim Ullman, CEO of Concordia Maritime.

Technical data for a Suezmax tanker:
Length: 274 m, beam 48 m, draft (design) 16 m, deadweight: 158,000 dwt.
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. Our focus is on
cost-effective 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