Stockholm-listed Concordia Maritime is still expecting a recovery in tanker markets as it prioritises liquidity following a refinancing.
In July, Stena group — the company's parent — agreed to charter Concordia's P-Max product carriers as part of a deal with banks for a new loan of $114m. The deal involved all 10 of the 62,500-dwt ships.
Concordia chief executive Kim Ullman said these arrangements "will help to create greater stability until the market strengthens, which we still predict will happen in the second half of 2021".
