GOTHENBURG, Sweden, Feb. 20, 2003 (PRIMEZONE) -- Concordia Maritime is an international large-tanker shipping company, which owns two new 314,000 dwt VLCCs delivered in 2001 and four VLCCs of about 270,000 dwt built in the mid-1970s. The new vessels, Stena V-MAX, in addition to having mandatory double hulls, were built according to a completely new tanker 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. All the vessels were built to very high specifications as regards both customer satisfaction and lifespan. The quality of the vessels and the management and manning organisations is documented by quality certificates from Det Norske Veritas and the American Bureau of Shipping.
INNOVATION AND PERFORMANCE
Our business concept is to provide our customers with safe and cost-efficient tanker transportation based on innovation and performance
REPORT ON FINAL ACCOUNTS, 2002
-- Result after financial net SEK -142.4 (251.9) million
-- Weak freight market, characterised by weak global economy and
political turbulence, during first ten months
-- Dramatic improvement in freight market in November
-- Continued safe and cost-efficient ship operatio
-- Strong first half of 2003 anticipated, but weaker second half
probable
-- Forecast for full-year: SEK 100 million profit
-- Prestige accident will affect future of tanker shipping -- demands
for increasingly safe transportation will grow
Further information may be obtained from:
Lars Carlsson, President Telephone +46 31 85 50 03 or +46 704 85 50 03
Hans Noren Telephone +46 31 85 51 01 or +46 704 85 51 01
Jonas Kamstedt Telephone +46 31 85 50 80 or +46 704 85 50 80
CONCORDIA MARITIME AB (publ)
Lars Carlsson President
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The full report
www.waymaker.net/bitonline/2003/02/20/20030220BIT00580/wkr0002.pdf
The full report