Concordia Maritime receives IMOIIMAX payment of USD 5 million


Based on the cooperation between Stena Bulk AB and Concordia Maritime AB (“Concordia Maritime”) related to the IMOIIMAX concept, the Company will receive a payment of USD 5 million.

Concordia Maritime was the driving force behind the IMOIIMAX concept initiative and the payment is a consequence of the commercial successes of the IMOIIMAX fleet since delivery.

The payment will be made during Q3 2019 and will be reported as other income.

Sea News, September 10

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News