28/12/2021at 09:12

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

by JENS THOMSEN

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

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Ullman sees two main factors why the tanker market has not yet strengthened
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Kim Ullman steps down as CEO of Concordia Maritime
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Concordia CEO hopes global oil inventories need replenishment soon
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