Concordia Maritime chief executive Kim Ullman has revealed the hard work that went into the company's refinancing to position it for a product tanker recovery.
On Thursday, shareholders approved the Swedish-listed owner's new $114m loan deal with lenders and the connected bareboat chartering of the 10 P-Max vessels to parent Stena.
Speaking on a conference call with analysts, Ullman said that since the company was formed in 1984, Concordia has "never been out in the market raising money".
