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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.

Photo: PR/Concordia Maritime

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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