Concordia Maritime reports deficit for the first six months

Sweden's Concordia Maritime felt the effects of a weaker product tanker market in the second quarter, which triggered a combined deficit for the first half of the year. However, CEO believes in a "turnaround" in the fall.

by SØREN PICO

The weaker product tanker rates in the most recent quarter cut into Swedish Concordia Maritime's bottom line, as the company finished the first half of the year with a deficit.

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Concordia results confirm product tanker recovery
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