Tanker

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
Photo: Lars Ardarve / Concordia Maritime
by SØREN PICO

Product tanker carrier Concordia Maritime is negotiating with lenders and owner Stena Group to reach a financial solution after the first quarter resulted in a large deficit.

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