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Ullman sees two main factors why the tanker market has not yet strengthened

The chief executive at Concordia Maritime, Kim Ullman, points to two factors as to why the tanker market is "surprisingly weak" in his last market report as chief executive before he retires.

Photo: PR/Concordia Maritime

In his last market report, Concordia Maritime Chief Executive Kim Ullman says the tanker market is remaining "surprisingly weak" and that he sees especially two reasons why the tanker market has not yet experienced its "big boost".

The first of the two reasons Ullman attributes to continued cuts in production and stock withdrawls.

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