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STENA PENGUIN

October 21, 2010

Concordia Maritime takes delivery of P-Max tanker

Concordia Maritime has taken delivery of the product tanker Stena Penguin, the ninth in a series of ten P-MAX tankers ordered from Croatian shipyard Brodosplit.

Stena Penguin will enter into a three-year charter with Glencore subsidiary ST Shipping. Two sister P-MAX tankers, Stena Polaris, which was delivered in February this year, and Stena Premium, which is set for delivery in early 2011, have also been signed to three-year charters with ST Shipping.

The other eight tankers in the P-MAX series have all been signed to charters of between three and ten years from delivery. The fleet operates in different geographical markets all over the world, transporting both light and heavy petroleum products as well as crude oil.

The first P-MAX tanker was delivered in 2005 from Brodosplit Shipyard. The tankers have double hulls, optimum corrosion control, two engine rooms with full water and fire integrity and two separate propulsion systems. Superior manoeuvrability and an integrated bridge layout facilitate safe navigation in narrow channels. The Stena Penguin is the second tanker in the series with ice class 1A.

Technical data for the P-MAX tankers:

Length: 183 m, breadth: 40 m, draft (design): 11.3 m, deadweight: 65,200 tons.


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