Concordia Maritime, Sweden, has placed an order with Samsung Heavy Industries in South Korea for a Suezmax tanker for delivery in the second quarter of 2012. The investment amounts to just under US$65.6 million and the intention is to employ the vessel in the open market via the Stena Sonangol Suezmax Pool.
The tanker, 'Stena Supreme', is one of a series of six units, a project developed by Stena Bulk and designed by Stena Teknik. During its development, the focus was on energy efficiency. The vessel's technical equipment and design will enable fuel consumption to be reduced by up to ten to 15 percent compared with existing standard tonnage.
"This is a project that is very suitable for Concordia Maritime," Hans Norén, President of Concordia Maritime, said.
"The Suezmax market is becoming increasingly interesting. The transport pattern for crude oil is changing, resulting in, among other things, longer transport distances. In this context, the Suezmax size is more flexible than e.g. VLCCs. The vessel's design and performance are impressive.
"Our intention is to employ the tanker in the open market via the successful pool collaboration between Stena Bulk and Sonangol."
The Stena Sonangol Suezmax Pool is a pool controlled by Stena Bulk and the Angolan state-owned oil company Sonangol. Since it was established in 2005, the pool has generated better revenues than other, competing pools. Today, the pool consists of 13 tankers, but the objective is to build up a fleet consisting of a total of 25 new and efficient Suezmax tankers.
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