Sale of Suezmax tanker Stena Supreme: Concordia Maritime
GÖTEBORG, Sweden, May 12, 2022 /PRNewswire/ -- Concordia Maritime has entered into an agreement for the sale of the Suezmax tankerStena Supreme (158,000 dwt, built in 2012). Delivery is expected inJune 2022. Stena Supreme has been chartered* in by Concordia Maritime since 2016, under a sale and...
Interim report, 1 January-31 March 2022: Concordia Maritime
GÖTEBORG, Sweden, May 5, 2022 /PRNewswire/ -- Stronger product tanker market * Total income Q1: SEK 124.1 (179.6) million * EBITDA Q1: SEK 29.7 (–45.7) million * Result before tax Q1: SEK –30.4 (–120.2) million ...
Invitation to presentation of Q1 2022
GÖTEBORG, Sweden, April 26, 2022 /PRNewswire/ -- Concordia Maritime invites to teleconference/audio transmission on5 May 2022 at 16.30 CEST. The session will feature a presentation of the Q1 2022 interim report and a Q&A session. Presiding: Erik Lewenhaupt, CEO Martin Nerfeldt, CFO The audi...
Concordia Maritime AB (publ) releases the Annual Report for 2021
GÖTEBORG, Sweden, April 14, 2022 /PRNewswire/ -- Concordia Maritime's Annual Report for 2021 in Swedish is now available atwww.concordiamaritime.com. The full Annual Report, which also includes Concordia Maritime's Sustainability Report, is available to download as a PDF document. A summary web ...
Sale of P-MAX tanker Stena President
GÖTEBORG, Sweden, March 3, 2022 /PRNewswire/ -- Concordia Maritime has entered into a contract for the sale of the P-MAX-vesselStena President (65,200 dwt, built in 2007). The buyer is a shipping company based inGreece. Delivery is scheduled inMarch 2022. The sale is expected to have a positive ...
Concordia Maritime: Year-End Report, 1 January-31 December 2021
GÖTEBORG, Sweden, Feb. 10, 2022 /PRNewswire/ -- Earnings affected by impairment * Total income Q4: SEK 151.2 (165.7) million Full year: SEK 704.8 (1,025.8) million * EBITDA Q4: SEK 36.6 (-4.6) million Full year: SEK -82.6 (277.8) million * Result before tax Q4: SEK -308.2 (-86.5) million ...
Technical design study on conversion launched
GÖTEBORG, Sweden, Feb. 8, 2022 /PRNewswire/ -- Concordia Maritime has launched a technical design study together with Stena Teknik and a German consulting company specialising in ship design. The aim is to investigate the feasibility of converting and adapting a P-MAX vessel for container transpo...
Invitation to teleconference/audio transmission
GÖTEBORG, Sweden, Feb. 7, 2022 /PRNewswire/ -- Concordia Maritime welcomes you to participate in a teleconference/audio transmission onFebruary 10, 2022 at 3.00 pm CET. The session will feature a presentation of the Financial Statement for the full year 2021 and a Q&A session. Presiding: Erik ...
Vessel values written down by SEK 268 million
GÖTEBORG, Sweden, Feb. 3, 2022 /PRNewswire/ -- An impairment loss has been recognised after an overall assessment of the vessels' market value and their value in use. As a consequence of the prolonged tanker market weakness, these values are estimated to have declined. This assessment is also con...
Sale of P-MAX vessel, in line with bank agreement
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 inAfrica and delivery is scheduled for the end of January. GÖTEBORG, Sweden, Jan. 16, 2022 /PRNewswire/ -- The sale is expected to ...
Change of CEO for Concordia Maritime
GÖTEBORG, Sweden, Nov. 16, 2021 /PRNewswire/ -- Erik Lewenhaupt will take over as CEO of Concordia Maritime on1 January 2022. Erik succeeds Kim Ullman, who has informed the Board of his wish to step down as CEO and retire. Erik Lewenhaupt has a long track record in tanker shipping. He started his...
Interim report, 1 January-30 September 2021
GÖTEBORG, Sweden, Nov. 3, 2021 /PRNewswire/ -- Secured earnings and improved loan terms · Total income Q3: SEK 165.6 (210.7) million 9 months: SEK 553.6 (860.1) million · EBITDA Q3: SEK -56.8 (45.1) million 9 months: SEK -...
Invitation to teleconference / audio transmission
GOTHENBERG, Sweden, Oct. 28, 2021 /PRNewswire/ -- Concordia Maritime welcomes you to participate in a teleconference/ audio transmissionNovember 3 2021, at 3.00 pm CET. The Interim Report for Q3 2021 (published November 3 2021) will be presented and questions answered. Presiding: Kim Ullman, ...
Term sheet with lending banks completed - Concordia Maritime signs agreements on new loan terms and conditions
GOTHENBURG, Sweden, Oct. 5, 2021 /PRNewswire/ -- Concordia Maritime has entered into binding agreements with lending banks regarding new loan terms and conditions for eight of the Company's ten P-MAX vessels. The new terms and conditions are valid until the end of Q4 2024. The new agreements are...
Concordia Maritime exercises purchase options and sells IMOIIMAX vessels
GÖTEBORG, Sweden, Aug. 31, 2021 /PRNewswire/ -- Concordia Maritime strengthens its liquidity by selling the two IMOIIMAX vessels Stena Image and Stena Important. The buyer is a Chinese leasing company. The net liquidity surplus from the transactions amounts to approximatelySEK 45 million. The tw...
Concordia Maritime: Interim report, 1 January-30 June 2021
GOTHENBURG, Sweden, Aug. 12, 2021 /PRNewswire/ -- Continued weak market * Total income Q2: SEK 208.4 (300.7) million HY1: SEK 388.0 (649.4) million * EBITDA Q2: SEK –16.7 (114.1) million HY1: SEK –62.4 (237.3) million * Result before tax Q2: SEK –88.4 (28.3) million HY1: SEK –208.6 (57.3) m...
Invitation to Teleconference/Audio Transmission
GOTHENBURG, Sweden, Aug. 9, 2021 /PRNewswire/ -- The Interim Report for Q2 2021 (publishedAugust 12 2021) will be presented and questions answered. Presiding: Kim Ullman, CEO Martin Nerfeldt, CFO The teleconference will be available at: SE: +46856642705 UK: +443333009266 US: +16467224902 To ac...
Notice to the Extraordinary General Meeting of Concordia Maritime AB (publ)
GÖTEBORG, Sweden, July 13, 2021 /PRNewswire/ -- The shareholders of Concordia Maritime AB (publ) ("Concordia Maritime" or the "Company"), Reg. No. 556068-5819, are hereby invited to the Extraordinary General Meeting to be held on Thursday,12 August 2021, at 1 p.m. CEST at, Elite Park Avenue, in G...
Concordia Maritime: Market Update: Short disruptions have a quick effect on the tanker market
GOTHENBURG, Sweden, May 27, 2021 /PRNewswire/ -- Our belief in a structurally driven strengthening of the tanker market from the second half of 2021 stands firm. In addition, we are now also seeing short disruptions having a quick effect on the market. This is a clear indication that, despite eve...
Concordia Maritime: Interim report, 1 January-31 March 2021
GOTHENBURG, Sweden, April 28, 2021 /PRNewswire/ -- Record-weak tanker market * Total income Q1: SEK 179.6 (348.6) million * EBITDA Q1: SEK -45.7 (123.2) million * Result before tax Q1: SEK -120.2 (29.0) million * Result per share after tax Q1: SEK -2.54 (0.61) Events in the first quarter ...
