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Concordia Maritime gets approval for rescue plan following another major loss

Swedish product tanker carrier Concordia Maritime has received approval for its rescue plan after presenting its owners with another major deficit. This time around, the loss came to SEK 89 million.

Photo: PR/Concordia Maritime

Another major loss – this time amounting to SEK 89 million (USD 10.2 million) in the second quarter – and a total deficit of SEK 211 million in the first six months of the year.

Concordia Maritime performed another dismal overture ahead of the assembly today, Thursday, when shareholders had to approve an extensive rescue plan for the Swedish product tanker carrier, which has managed to conclude negotiations on a rescue plan with owners and lenders following a miserable start to the year.

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