Stena-controlled Concordia Maritime has revealed a muted outlook for product tankers for the rest of 2020.

The Denmark-based tanker owner reported net earnings of SEK 28.3m ($3.26m) in an "extremely volatile" second quarter, against a loss of SEK 39.2m in the same period of 2019.

Revenue rose to SEK 300.7m against SEK 252.7m, while the first half saw the company amass a profit of SEK 57.3m,