Concordia Maritime receives IMOIIMAX payment of USD 5 million

cncordia-maritime

Based on the cooperation between Stena Bulk AB and 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.

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