Product tanker owner Concordia Maritime has struck a deal with Swedish parent Stena group to refinance the company after years of poor markets.
Stockholm-listed Concordia said Stena's tanker unit Stena Bulk or another group company will charter its fleet of 10 P-Max ships as part of a new deal with some of its banks.
The lenders have agreed a new term sheet for a $114m loan due in 2024 and secured on eight tankers, while Stena unit Stena Sessan will pay $10m to the banks on behalf...
