Tankers: Into Canada

Concordia Maritime and Neste Oil have sold their jointly-owned Ice Class 1A Manamax tankers Stena Poseidon and Palva to Canada’s Transport Maritime St-Laurent Inc, a joint venture formed by Groupe Desgagnés of Montreal and the Canadian division of Valero, the world’s largest independent refiner and marketer of petroleum products. The two 75,000dwt ships, built in 2007, will move crude oil from Valero’s Montreal East Terminal to its refinery at Quebec City. Although of 500,000 barrel capacity, the twin tankers will be limited to about 350,000 barrels while navigating the St Lawrence. JS