Read Authentic Ratings for the Stena-Polaris

On December 1, 2018, the U.S. Coast Guard responded to an urgent call for medical assistance eight miles off the coast of Galveston, Texas. A 49-year-old captain of the vessel 'Stena Polaris' was exhibiting troubling signs consistent with a heart attack. Coast Guard Sector Houston-Galveston received the distress signal from the crew, prompting immediate action. Watchstanders quickly consulted with the duty flight surgeon, who approved the medevac operation. An MH-65 Dolphin helicopter crew from Coast Guard Air Station Houston was dispatched to the scene. The helicopter crew successfully hoisted the ailing captain and transported him to emergency medical personnel waiting at The University of Texas Medical Branch in Galveston for further treatment.

Concordia Maritime has successfully secured a new contract for the P-MAX tanker Stena Polaris, as announced on an unspecified date. This significant new venture comes from a prominent oil and gas corporation, marking a continued partnership for the company. The contract is set to span one year, commencing in May 2016, during which the Stena Polaris will focus on transporting light oil products from Singapore to various island clusters within the Pacific Ocean. This endeavor underscores Concordia Maritime's commitment to providing reliable maritime services in the region.

Concordia Maritime has successfully renewed a lucrative contract with a prominent international oil and gas corporation, extending the agreement for a period of 12 months for two vessels. Additionally, the contract covers the deployment of an extra vessel for six months. This renewed contract pertains to three of the company's P-MAX vessels: STENA PARIS, STENA PROVENCE, and STENA POLARIS. Kim Ullman, CEO of Concordia Maritime, expressed optimism regarding this renewal: "It's obviously very positive to achieve the renewed confidence of this customer, which has specific transport requirements that suit the high cargo capacity of our P-MAX vessels. This effectively lowers the actual cost per unit. The contract aligns perfectly with our strategic goal to steer employment towards niche trades, maximizing the unique capabilities of our P-MAX vessels." Looking ahead, Ullman shared insights on the company's market outlook for the upcoming quarter: "As we previously anticipated, we are beginning to observe a seasonal slowdown in the latter half of the third quarter. Although we are coming off high levels, we don’t expect this decline to be as severe or prolonged as seen in previous years. Hence, our fundamental market outlook for the fourth quarter remains positive."