Concordia Maritime chief convinced of tanker market strength
The chief executive of Swedish product tanker company Concordia Maritime expects the product tanker market to strengthen from the third quarter, with a solid market seen in 2020 and 2021, based on a perceived increase in demand combined with lower fleet growth.
Concordia Maritime expects that the Organisation of the Petroleum Exporting Countries, which next meets in June, will announce an increase in oil production, which is good for tanker demand
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