Stena Perros delivered

Concordia Maritime?s 65,200 DWT product tanker ?Stena Perros? was recently delivered from Brodosplit Shipyard, Croatia. The vessel has been signed to a 5-year time charter with the French oil and energy company TOTAL to transport refined products. The ?Stena Perros?, a so-called P-MAX tanker, is the sixth in a series of ten units ordered.

The Stena Perros? sisters, the ?Stena Paris?, delivered in 2005, and the ?Stena Provence?, delivered in 2006, have been contracted by TOTAL for 5 years plus a 2-year extension. Additionally, the ?Stena Progress?, the seventh P-MAX tanker with delivery set for the 4th quarter, 2009, has already been signed to a 5-year charter with TOTAL. In all, TOTAL has four of ten P-MAX tankers on time charters with a remaining charter period of 22 years.