Concordia Maritime: Strong start to 2015

"In the product tanker segment, the market has turned, and looking forward we expect a continuation of relatively strong markets in 2015," says CEO Kim Ulman of Swedish Concordia Maritime.

Photo: Stena

The Swedish product tanker carrier Concordia Maritime achieved an operating profit (EBITDA) of USD 9.7 million in the first quarter of the year compared to USD 6 million in the same period last year.

Management notes that the first quarter 2015 showed a strong start with a result before taxes of USD 3.3 million, and that the product tanker market has turned.

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