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Concordia Maritime: Weak Tanker Market Will See an Upturn

August 15, 2018

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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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