Concordia Maritime president Kim Ullman has outlined an ambition to expand the fleet while conditions are favourable.

He told TradeWinds the next three months could be key for adding to the Stena Bulk-controlled company's 12 product tankers and a lone suezmax.

Ullman told analysts on an earlier conference call that the fleet had "not expanded lately".

"We have concluded that even though we would like to add on capacity, it was not the right time to do that, certainly not in April and May, not June/July either, but certainly in the months to come we are interested in seeing what could be done to add to capacity," he added.