{"id":5015,"date":"2022-01-16T03:54:00","date_gmt":"2022-01-16T03:54:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3632407_AE32407_0"},"modified":"2022-01-16T03:54:00","modified_gmt":"2022-01-16T03:54:00","slug":"sale-of-p-max-vessel-in-line-with-bank-agreement","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=5015","title":{"rendered":"Sale of P-MAX vessel, in line with bank agreement"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<p><b>Concordia Maritime has entered into a contract for the sale of the P-MAX vessel <\/b><i><b><span class=\"xn-person\">Stena Perros<\/span> (<\/b><\/i><b>65,000 dwt, built in 2007). The buyer is an oil company with operations in <span class=\"xn-location\">Africa<\/span> and delivery is scheduled for the end of January.<\/b><\/p>\n<p>G\u00d6TEBORG, <span class=\"xn-location\">Sweden<\/span>, <span class=\"xn-chron\">Jan. 16, 2022<\/span> \/PRNewswire\/ &#8212; The sale is expected to have a positive liquidity effect of about <span class=\"xn-money\">USD 1.4 million<\/span>. The surplus will be used for accelerated amortization of bank debt, improving the long-term prospects of the company. However, the agreed price is below the vessel&#8217;s book value and previous valuation. The price has been affected by the vessel being sold in an undocked condition and by a continuing low spot market. <i><span class=\"xn-person\">Stena Perros<\/span><\/i> is due to have its scheduled 5-year special survey (drydock) in the fourth quarter of 2022.<\/p>\n<p><i>&#8220;Despite existing charter agreements, the continued weak tanker market poses challenges for Concordia Maritime. The sale of <span class=\"xn-person\">Stena Perros<\/span> is aimed at improving the Company&#8217;s financial position and is in line with the bank agreement signed in autumn 2021. Further sales cannot be ruled out in the future unless we see a rapid recovery in the tanker transport market&#8221;<\/i>, says Concordia Maritime CEO <span class=\"xn-person\">Erik Lewenhaupt<\/span>.<\/p>\n<p><b>For more information, please contact: <\/b><\/p>\n<p>Erik Lewenhaupt&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br \/>CEO, Concordia Maritime AB &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br \/>+46&nbsp;704 855 188&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br \/><a target=\"_blank\" href=\"mailto:erik.lewenhaupt@concordiamaritime.com\" rel=\"nofollow noopener\">erik.lewenhaupt@concordiamaritime.com<\/a> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/p>\n<p><i>This information is information that Concordia Maritime Aktiebolag (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on <span class=\"xn-chron\">15 January 2022<\/span> at 16.30 CET.<\/i><\/p>\n<p>This information was brought to you by Cision <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3414332-1&amp;h=1712620142&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" rel=\"nofollow noopener\">http:\/\/news.cision.com<\/a><\/p>\n<p><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3414332-1&amp;h=4260106877&amp;u=https%3A%2F%2Fnews.cision.com%2Fconcordia-maritime%2Fr%2Fsale-of-p-max-vessel--in-line-with-bank-agreement%2Cc3486751&amp;a=https%3A%2F%2Fnews.cision.com%2Fconcordia-maritime%2Fr%2Fsale-of-p-max-vessel--in-line-with-bank-agreement%2Cc3486751\" rel=\"nofollow noopener\">https:\/\/news.cision.com\/concordia-maritime\/r\/sale-of-p-max-vessel&#8211;in-line-with-bank-agreement,c3486751<\/a><\/p>\n<p>The following files are available for download:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Concordia Maritime has entered into a contract for the sale of the P-MAX vessel Stena Perros (65,000 dwt, built in 2007). The buyer is an oil company with operations in Africa and delivery is scheduled for the end of January. G\u00d6TEBORG, Sweden, Jan. 16, 2022 \/PRNewswire\/ &#8212; The sale is expected to have a positive [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":5016,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-5015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sale of P-MAX vessel, in line with bank agreement - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=5015\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sale of P-MAX vessel, in line with bank agreement - My Blog\" \/>\n<meta property=\"og:description\" content=\"Concordia Maritime has entered into a contract for the sale of the P-MAX vessel Stena Perros (65,000 dwt, built in 2007). The buyer is an oil company with operations in Africa and delivery is scheduled for the end of January. 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