Concordia CEO after terrible year: "We are in a very strong market cycle right now"

Swedish carrier Concordia Maritime has turned a years-long downswing around and is now making money. In an interview with ShippingWatch CEO Erik Lewenhaupt expresses optimism about the future: ”We have turned a corner. That is a relief.”

Concordia Maritime CEO Erik Lewenhaupt expresses a certain optimism about the future. | Photo: Concordia Maritime

When Erik Lewenhaupt assumed the role of CEO of Concordia Maritime in January, the Swedish product tanker shipping company had gone through a terrible year with a major deficit on its bottom line after carrying out an extensive rescue plan.

The pre-tax deficit came to SEK 658.2m (USD 63.2m) in 2021, which the then-newly appointed CEO in his first fiscal comment deemed ”one of tanker shipping’s most challenging years ever.”

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
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

Sea Cargo Charter hesitates to raise climate ambitions

The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.

Further reading

Related articles

Latest news

See all jobs