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Concordia Maritime: Weak Tanker Market Will See an Upturn

August 15, 2018


As the tanker market remained week during the second quarter of 2018, Swedish tanker owner Concordia Maritime widened its net loss.

The shipping company suffered a net loss of SEK 57 million (USD 6.2 million) in Q2 2018, compared to a net loss of SEK 43.9 million posted in the corresponding period a year earlier.

Net loss for the six months ended June 30, 2018, stood at SEK 95.7 million, compared to a net loss of SEK 85.1 million reported in the first half of 2017.

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