Concordia Maritime: Major threats to product tanker

Product tanker carrier Concordia Maritime is doing well in the current tanker market. But there are major dangers ahead for the carrier and its competitors, CEO Kim Ullman tells ShippingWatch.

Photo: Stena AB

The first quarter was actually a pretty good quarter for Swedish Concordia Maritime, which is controlled by the major Swedish Stena shipping group, but the second quarter will not be easy and the product tanker market might not be as good for the carrier as it has been in the past. Reasons for this include overcapacity, uncertainty about the global economy and growing competition from other carriers, says Concordia Maritime CEO Kim Ullman in an interview with ShippingWatch.

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