ShippingWatch

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.

Photo: Oddway / Concordia Maritime

Tanker shipping companies sailed at fantastic rates in early 2020, when many utilized the lower oil price to buy up oil.

The two most recent quarters have, however, been much less fun for the companies transporting oil products at sea.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs