Jan. 31, 2018
Concordia Maritime Looks Ahead for a Market Upturn in the Second Half of 2018
New York, January 31, 2018. “We can now see five solid drivers for an improved market condition in the second half of 2018” stated Kim Ullman, Concordia Maritime’s CEO, during the Q4 2017 earnings call. These include stronger growth for the global economy, increasing demand for oil and oil products, decreasing inventory levels, the gradual end of OPEC/non OPEC production cuts and lower fleet growth.