Concordia Maritime multiplies profit in first quarter

As the first major product tanker carrier, Concordia Maritime releases numbers on developments in the first quarter, in which rising rates multiplied the company's profit. Plans to get listed on the Oslo Stock Exchange are put on hold.

Photo: PR/Concordia Maritime

While the coronavirus has marked the world economy the last few months, first quarter figures have been otherwise positive reading for tanker companies.

This applies not least to Sweden's Concordia Maritime, which as the first major product tanker carrier has just presented its financials for the first quarter.

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