Concordia Maritime's earnings join the downward trend

Stena-controlled product tanker carrier Concordia Maritime follows in the footsteps of other players in the tanker market with significantly weaker earnings in 2016.

Photo: Stena

Swedish Stena's listed carrier Concordia Maritime follows in the wake of other product tanker carriers, which have released significantly recessive interim reports in the first half of 2016 as a result of a weaker market. This is reflected in the half-year interim report from the company.

Concordia Maritime achieved a net result before taxes in the second quarter of just USD 1.43 million down from USD 5 million in the same period last year. For the whole six months, the result came to USD 5.3 million down from USD 8.4 million in the same period in 2015.

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

Further reading

Related articles

Latest news

See all jobs