ShippingWatch

Concordia Maritime negotiates with banks and owner after new major loss

Tanker carrier Concordia Maritime had a double-digit million-dollar deficit in the first quarter of the year. The carrier is negotiating with lenders and owner Stena for a financial solution to strengthen liquidity. The financial report illustrates a very weak first quarter for the product tanker market.

Photo: Lars Ardarve / Concordia Maritime

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Alfa Laval buys StormGeo following bidding war

There were plenty of interested buyers for tech company StormGeo, but the company ultimately decided to enter a deal with Sweden's Alfa Lava, which placed the best offer, says partner in StormGeo's majority owner EQT to ShippingWatch. Updated.

Further reading

Related articles

Latest news

See all jobs