Concordia Maritime: Interim report, 1 January-30 September 2022
Successful vessel sales GOTHENBURG, Sweden, Nov. 11, 2022 /PRNewswire/ -- Total income Q3: SEK 118.2 (165.6) million 9 months: SEK 423.1 (553.6) million EBITDA Q3: SEK 38.0 (-56.8) million 9 months: SEK 170.4 (-119.1) million Result before tax Q3: SEK -22.8 (-141.4) million 9 months: SEK -16.7 (...
Concordia Maritime - New market update: November 2022
GOTHENBORG, Sweden, Nov. 3, 2022 /PRNewswire/ -- Concordia Maritime has published a new market update. The report is available at www.concordiamaritime.com. In addition to commentary from CEO Erik Lewenhaput, it also contains data and statistics regarding both rates, ship values and the developme...
Invitation to presentation of Q3 2022
GÖTEBORG, Sweden, Nov. 2, 2022 /PRNewswire/ -- Concordia Maritime invites to teleconference/audio transmission on11th November 2022 at 11.00 CET. The session will feature a presentation of the Q3 2022 interim report and a Q&A session. Presiding: Erik Lewenhaupt, CEO Martin Nerfeldt, CFO The...
Concordia Maritime's New market update: October 2022
* Historically firm crude- and product tanker rates * Firm vessel values * Low newbuilding ordering GOTHENBURG, Sweden, Oct. 7, 2022 /PRNewswire/ -- Concordia Maritime has published a new market update. The report is available atwww.concordiamaritime.com. In addition to commentary from CEO E...
Sale of three P-MAX vessels
GOTHENBURG, Sweden, Sept. 16, 2022 /PRNewswire/ -- In a strong tonnage market, Concordia Maritime has entered into an agreement for the sale of the three product tankers, Stena Primorsk, Stena Performance andStena Provence, all built in 2006 and of 65,200 dwt. The sale is expected to have a posit...
Invitation to presentation of Q2 2022
GÖTEBORG, Sweden, Aug. 9, 2022 /PRNewswire/ -- Concordia Maritime invites to teleconference/audio transmission on17 August 2022 at 15.00 CEST. The session will feature a presentation of the Q2 2022 interim report and a Q&A session. Presiding: Erik Lewenhaupt, CEO Martin Nerfeldt, CFO The aud...
Sale of the P-MAX vessel Stena Paris
GÖTEBORG, Sweden, July 6, 2022 /PRNewswire/ -- Concordia Maritime has entered into an agreement for the sale of the product tanker Stena Paris (65,000 dwt, built in 2005). The buyer is based inGreece and delivery is expected to take place at the end ofJuly 2022. The sale is expected to have a po...
Correction: Missing MAR reference in press release "Sale of Suezmax tanker Stena Supreme"
GÖTEBORG, Sweden, May 12, 2022 /PRNewswire/ -- Concordia Maritime publishes a correction of the press release "Sale of Suezmax tanker Stena Supreme" which was published today,11 May 2022 at 16:15 CEST. The correction refers to the fact that the mail version of the press release lacked a reference...
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 ...
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 ...
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...
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 -...
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...
