Concordia Maritime

Report Publication Announcement • Dec 1, 2007

Press release 1 December 2007

Stena Perros naming ceremony at Brodosplit Shipyard

Today Concordia Maritime's product tanker Stena Perros, a so-called P-MAX tanker, will be named at Brodosplit Shipyard in Croatia. The Stena Perros, like her sisters Stena Paris and Stena Provence, both of which were built and named at Brodosplit, has been chartered to the French oil and energy company TOTAL. Delivery of the Stena Perros will be made shortly.

The godmother of the Stena Perros is Faustine le Guillard, granddaughter of Monsieur Yvon Bonnot, who will attend the naming ceremony. Monsieur Bonnot is the mayor of Perros-Guirec on the French Atlantic coast and a strong proponent of various environmental questions in the area. Faustine le Guillard is currently studying law at the Sorbonne and Chinese at the School of Oriental Languages in Paris. The guests at the naming ceremony in Split include representatives of, among others, TOTAL, Concordia Maritime, Stena Bulk and Brodosplit.

The Stena Perros is the sixth tanker in a series of ten units ordered at the shipyard in Brodosplit.

The P-MAX tankers have the following technical data: Length: 183 m, breadth: 40 m, draft (design): 11.3 m, deadweight: 65,200 tons.

For further information, please contact:

Hans Norén Göran Hermansson Mobile: +46 704 85 51 01 Mobil: +46 704 85 50 46

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President, Concordia Maritime AB (publ) Financial Manager, Concordia Maritime AB (publ)

Concordia Maritime is an international tanker shipping company listed on the OMX Nordic Exchange in Stockholm. 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. www.concordia-maritime.se