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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Bawat targets Stockholm listing to raise fresh capital

With an IPO in Stockholm, ballast water system supplier Bawat aims to secure capital for the company’s continued development. The listing comes just six months after the company’s latest cash injection. ShippingWatch has spoken to CEO Marcus Hummer.

Further reading

Related articles

Latest news

See all jobs