Sale of three P-MAX vessels
In a strong tonnage market, Concordia Maritime has entered into an agreement for the sale of the three product tankers, Stena Primorsk, Stena Performance and Stena Provence, all built in 2006 and of 65,200 dwt. The sale is expected to have a positive liquidity effect of approximately USD 30 million. The surplus will be used for repayment of loans.The buyer is based in Europe and delivery is expected to take place during the fourth quarter of 2022. The agreed price is significantly above the market valuations made mid 2022. Second-hand prices for product tankers have risen sharply in the