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Concordia Maritime increases fourth quarter loss despite market improvement

Despite signs of the market recovering, Concordia Maritime's deficit rose in the fourth quarter compared to the previous year. The shipping line, which has just moved its operations from Sweden to Denmark, has a positive view on this year and the next.

Kim Ullman, CEO of Concordia Maritime. | Photo: PR/Concordia Maritime

Things started off weak. Then they got worse. But toward the end, the long-awaited recovery came.

Such is the summary of 2019 from product tanker carrier Concordia Maritime, which has just presented its fiscal report on the fourth quarter and last year as a whole.

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