Stena Progress (65,200 dwt) was built 2009 and Stena Premium (65,200 dwt) in 2011. After repayment of loans and liabilities to related parties, the transaction generates a liquidity supplement of approx. MSEK 100. The remaining debts are current operating liabilities.
"With the sale, we continue to take advantage of the strong market and the high prices for older vessels. As previously announced, we are working intensively to chart the Company's future direction and business. The work is progressing and we have high hopes of being able to present more information during H2 2023," says
Since 2021, Stena Progress and Stena Premium have been on a five-year charter to Stena Bulk, which in turn has chartered out the vessels on a combination of short and medium-term contracts. On the sale date, both vessels were on contracts that run until autumn/winter 2024. The transaction means that the buyer takes over responsibility for these contracts from Stena Bulk. The sale price is affected by the buyer's expected earnings for the vessels during the remaining contract period.
After the sale, the
Images of the vessels can be downloaded from concordiamaritime.com/en/news/images/
This information is information that
For more information, please contact:
CEO,
+46 704 855 188
erik.lewenhaupt@concordiamaritime.com
www.concordiamaritime.com
https://news.cision.com/concordia-maritime/r/agreement-regarding-the-sale-of-two-product-tankers,c3813711
https://mb.cision.com/Main/1948/3813711/2215759.pdf
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