Concordia's annual report is proof of horrible 2017 for product tanker

Swedish product tanker carrier Concordia Maritime landed a loss of more than SEK 500 million in 2017. One big factor was a major impairment. "We didn't just see the downturn, but we reacted to it," CEO Kim Ullman tells ShippingWatch.

Photo: Olof Ohlsson

Updated Wednesday Jan 31. at 11:47am (CET) with impairment information.

When Kim Ullman sat on stage a few years ago alongside competitors in the tanker industry, he heard the same thing repeated over and over again.

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