Tanker carriers undermine own market with excessive optimism

Although demand for oil has nothing but grown for 45 years, tanker operators are still overestimating their market. Time and again, they have built excessively in anticipation of a golden age, says departing Concordia Maritime CEO Kim Ullman in an interview with ShippingWatch.

Kim Ullman, CEO, Concordia Maritime. | Photo: PR/Concordia Maritime

Why do carriers transporting the world's crude oil and refined oil products make the same mistake again and again?

This question is asked by Kim Ullman, departing chief executive of Stena-owned tanker operator Concordia Maritime, which he has helmed for eight years.

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