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Concordia reduces loss after prospect of better rates

Swedish product tanker operator Concordia Maritime halved its loss on the bottom line during the latest quarter. CEO Kim Ullman is pleased that the tanker market has finally gained momentum.

Photo: PR/Concordia Maritime

"So it finally happened," begins the quarterly report from Swedish Concordia Maritime.

The product tanker company's Chief Executive Kim Ullman is pleased with recent months' upturn on the tanker market, which he says has finally gained momentum.

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