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Concordia Maritime heralds low season

The third quarter for Concordia Maritime will be characterized by a seasonal setback, notes CEO Kim Ullman in a press release, though he adds that prospects for the near future are less bleak than before.

Photo: Stena

Concordia Maritime's shareholders can look forward to a third quarter slowdown, says the product tanker carrier's CEO Kim Ullman in a press release on Tuesday.

"Just as previously predicted, we can now see a seasonal slowdown in the second half of the third quarter. This is from high levels, however, and we do not think the decline will be as deep and prolonged as seen in recent years. Our basic market outlook as from the fourth quarter is therefore still positive," says the CEO in the press release.

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