Concordia Maritime is ruing the fact that the charter deal with parent Stena that saved it in 2021 is now holding back earnings in a strong market.
The Swedish product tanker owner logged a net loss of SEK 22.8m ($2.16m) in the third quarter, down from a deficit of SEK 141.4m the year before.
Three of its four remaining P-Max vessels are fixed for five years to Stena Bulk at $15,500 per day, with profit-sharing on top.
