https://www.123articleonline.com/rss/author/374568/arif-hosenArticles written by Arif Hosen from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1347519/concordia-maritime-cuts-fleet-to-three-tankers-selling-its-eighth-ship The company reports it has entered into an agreement for the sale of the product tanker Stena Penguin to an unnamed European buyer. Built in 2010, the tanker is 65,200 dwt typical of Concordia's focus on mid-range tankers. Stena Penguin had been on a five-year charter, including profit-sharing, to Concordia's parent company Stena Bulk since a financial bailout in 2021. Stena Bulk in turn had chartered out the vessel on a combination of short and medium-term contracts. The vessel had recently been redelivered to Stena Bulk after a 12-month time charter contract with Exxon.