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Concordia Maritime
Legal Proceedings Report • Sep 9, 2019
3146_iss_2019-09-09_8ad51899-c9da-49a0-bea5-de657499ba77.pdf
Legal Proceedings Report
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PRESS INFORMATION 9 September 2019
Concordia Maritime receives IMOIIMAX payment of USD 5 million
Based on the cooperation between Stena Bulk AB and Concordia Maritime AB ("Concordia Maritime" or "The Company") 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.
For more information, please contact:
Kim Ullman Ola Helgesson CEO, Concordia Maritime AB CFO, Concordia Maritime AB Tel +46 31 855003 Tel +46 31 855009 Mob +46 704 855003 Mob +46 704 855009
Email: [email protected] Email: [email protected]
Concordia Maritime is an international tanker shipping company. Our focus is on cost-effective and safe transportation of refined petroleum products and vegetable oils. The Company's B shares were first listed on Nasdaq Stockholm in 1984. www.concordiamaritime.com
This information is information that Concordia Maritime is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact persons above for publication at 14.00 on Monday 9 September 2019.