New market update: May 2023

GOTHENBURG,Sweden,May 5,2023 -- Concordia Maritime has published a new market update.

The report is available at www.concordiamaritime.com. In addition to commentary from CEO Erik Lewenhaput,it also contains data and statistics regarding both tanker rates,ship values and the development of the global product tanker fleet,as well as data about the demand for oil and development of inventory levels.

For more information,please contact:

Erik Lewenhaupt

CEO,Concordia Maritime AB

+46 704-855 188

erik.lewenhaupt@concordiamaritime.com

The following files are available for download:

https://mb.cision.com/Main/1948/3764967/2038326.pdf

Concordia Maritime - Press release Market update May 2023 (PDF)