Stena President named in Split

Concordia Maritime?s product tanker ?Stena President?, the fifth of ten tankers in the P-MAX series, was recently named at Brodosplit Shipyard in Split. After her delivery in the third quarter of 2007, the tanker will enter a 10-year charter with Argo Shipping and transport oil from ports in the Baltic Sea and around the White Sea to Europe and the US.

The first 65,200 DWT P-MAX tanker was delivered in December, 2005, and delivery of the tenth unit is planned for 2010.