Sweden. Concordia Maritime & Neste Oil owned Stena Poseidon & Palva named in Split

Friday, 17 November 2006

The product tankers Stena Poseidon and Palva, which are jointly owned by Concordia Maritime and Neste Oil on a 50-50 basis, have been named . The double naming ceremony was held at Brodosplit Shipyard in Split. The two vessels are so-called Panamax tankers, i.e. they are designed to be able to pass through the narrow passages in the Panama Canal’s locks. In addition, they have been built to Ice Class 1 A specifications, which means that they are well suited for service in icy waters. Neste Oil has chartered both tankers for 10 years.

The vessels’ godmothers are Mrs. Ainomaija Haarla and Mrs. Maarit Toivanen-Koivisto, respectively. Attendees at the ceremony include Hans Norén, President of Concordia Maritime, Ulf G. Ryder, President of Stena Bulk, Risto Näsi, President of Neste Oil and Goran Vukasovic, President of Brodosplit Shipyard.

The Stena Poseidon will be delivered later this month.

The vessels are equipped in accordance with Ice Class 1 A specifications, which means that they are able to sail at a speed of five knots in a channel with 1.0 metre thick ice. They provide a 360(degree) view from the bridge together with an extra large cargo intake and adjustable propellers for greater manoeuvrability when sailing through ice.

The vessels will operate in part in the Baltic Sea and have Finland as their starting point for voyages to North America.

Technical data for the Panamax tankers Length 228.6 m Breadth 32.24 m Draft 20.45 m Deadweight 74,999 tons Cargo volume 85,500

Concordia Maritime is an international tanker shipping company listed on the O List on the Stockholm Stock Exchange. The company has ordered ten tankers, which are being built in accordance with the MAX concept. These vessels, P-MAX, are product tankers of about 65,200 dwt. The MAX concept means that the vessels are designed for maximum loading capacity in shallow waters. They have been designed according to a new concept for safer oil transportation with double main engines in two completely separate engine rooms, double rudders and steering gear, two propellers and double control systems.

Last Updated ( Friday, 17 November 2006 )