Concordia Maritime’s third quarter result has been dented by lower tanker rates due to seasonality and geopolitical reasons.
The company reported a quarterly net loss of SEK 10.6m ($1.17m), compared to earnings of SEK 52.4m a year earlier.
This resulted in a smaller profit of SEK 35.2m for the first nine months of the year, against SEK 124.5m.
Kim Ullman, chief executive of Concordia, said: “In addition to a seasonal decline, the quarter was also marked by structural factors, such as high inventory levels of oil products and extensive ship deliveries.
“In
