"I haven't seen such a bad first quarter since the early 80s"
![Kim Ullman, CEO of Concordia Maritime. | Photo: PR/Concordia Maritime](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article12942832.ece/ALTERNATES/schema-16_9/doc7fkfdorzn3rb0f5aap7.jpg)
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.
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