Concordia Maritime boosts product tanker result

The seasonal downturn for product tanker in the second quarter did not emerge, and the market remained strong for the Stena Group's tanker carrier Concordia Maritime. Robust market ahead, says CEO Kim Ullman.

BY KATRINE GRØNVALD RAUN

The product tanker boom continued into the second quarter and benefited tanker carrier Concordia Maritime, owned by major Swedish shipping group Stena. The carrier made a second quarter profit of USD 6.6 million, up from USD 6.07 million in the same period last year, according to the interim report.

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Concordia Maritime boosts product tanker result

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Concordia Maritime: Product tanker recovery is fragile

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Concordia Maritime hopes to stay profitable in 2015

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Front page now

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

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Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

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Venture fund in Singapore wants increased business focus from start-ups

Further reading

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs