Concordia says market is hung over after the oil party at the start of the year
Tanker companies are now paying the price for the strong market at the beginning of 2020. Full inventories and lower consumption on the heels of the Covid-19 pandemic leave a clear mark on Concordia Maritime's financials.
Tanker shipping companies sailed at fantastic rates in early 2020, when many utilized the lower oil price to buy up oil.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Kim Ullman projects strong tanker market in 2021 and 2022
For subscribers
Concordia projects muted tanker market for remainder of 2020
For subscribers
