Well-versed shipping profile and CEO of Concordia Maritime, Kim Ullman, is shocked by the state of the tanker market, which more or less fell apart during the first three months of the year due to weak demand and extremely low freight rates.
"I haven't seen such a bad first quarter since the early 80s. Already now, there are small signs of improvement in the tanker market. It is no longer a projection, belief, hope or anticipation of what will "possibly" happen. This market is starting to recover now, I'm sure of that," Kim Ullman, CEO of Concordia Maritime, says to ShippingWatch.