Concordia plans to get rid of the hangover from spring's tanker party

Hung over Concordia Maritime has a cure that can help the company sober up again following the party in the product tanker market during the spring. However, CEO Kim Ullman does not expect that the nail-biter US presidential election will have a decision impact.

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

The party is over in the product tanker market, and several shipping companies have woken up with a hangover.

One of these is Stena's Swedish tanker operator Concordia Maritime, which after several strong quarters has just reported a sizeable deficit of more than SEK 35 million (USD 4 million) for the third quarter.

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