World-leading expertise

Concordia Maritime's operations are conducted in close cooperation with several of the companies in the Stena Sphere. The partnerships give access to world-leading expertise in all areas of shipping – from shipbuilding and manning to technical operation, chartering and commercial operation.

Organisationally, Concordia Maritime consists of a shore-based organisation and a seagoing organisation. The shore-based organisation consisted of a total of 6 persons in 2015. The seagoing organisation is considerably larger. The number of temporary seagoing employees at the end of the year was 464 (404).

A large part of the day-to-day operational work in the form of chartering and manning is conducted in cooperation with external suppliers, primarily Stena Bulk, Stena Weco, Northern Marine Management and Stena Teknik. This close cooperation means that operations can be conducted cost-effectively, while access to world-leading competence in all areas of shipping is guaranteed.

Part of the Stena Sphere

Since Stena was founded in 1939, the business has expanded rapidly. With 19,000 employees across the world, the Stena Sphere, is currently one of ­Sweden’s largest family-owned groups of companies, and its operations encompass shipping, recycling, real estate and finance. Success factors include care for customers, innovative solutions and perfect performance. For further information, see www.stena.com.

Read more about the Concordia Maritime-Stena Sphere cooperation.

 

The map shows office locations for Concordia Maritime, Northern Marine Management, Stena Teknik, Stena Bulk and Stena Weco.

Stena Bulk

Commercial operation

Stena Bulk provides companies in the Stena Sphere and external customers with services in marketing, chartering and commercial operation of ships. In total, Stena Bulk charters and operates about 100 vessels worldwide. Customers include leading oil and gas companies and independent trading houses.

Stena Bulk functions as Concordia Maritime’s marketing organisation and is responsible for chartering, marketing and commercial operation of the P-MAX tankers that carry heavier oil products. With the Angolan state oil company Sonangol, Stena Bulk also controls the Stena Sonangol Suezmax Pool, which at the end of 2015 employed about 20 vessels, including Concordia Maritime’s Stena Supreme. Through the close cooperation, Concordia Maritime gains access to a worldwide organisation with extensive knowledge and experience in all the tanker market’s segments.

www.stenabulk.com

Working and being physically close to its customers is one of Stena Bulk’s foremost success factors and competitive advantages. Offices in Gothenburg, Houston, New York, London, Moscow, Singapore and Beijing provide the optimum conditions for a good understanding of the customers’ logistics and trading requirements.

Northern Marine Management

Operation, manning and maintenance

Stena-owned Northern Marine Management (NMM) is responsible for manning, operation and technical maintenance of Concordia Maritime’s vessels. NMM has expanded considerably since it was founded in 1983 and currently has responsibility for operation and/or manning for about 130 vessels of varying types and sizes with a total of about 7,500 seagoing employees. External customers include many of the world’s leading shipping and oil companies.

NMM is at the absolute forefront in ship management. In addition to international accreditations, NMM has also developed a tool for achieving continuous improvement – Behaviour Based Safety (BBS). The tool has resulted in a lower number of accidents than the industry average and is also a major contributing factor to the very low number of incidents and accidents on board Concordia Maritime’s vessels. The business is conducted from the head office in Glasgow. There are also offices in Aberdeen, Gothenburg, St. Petersburg, Houston, Manila, Mumbai, Perth, Shanghai and Singapore.

www.nmm-stena.com

The business is conducted from the head office in Glasgow. There are also offices in Aberdeen, Gothenburg, St. Petersburg, Novorossizysk, Houston, Manila, Mumbai, Perth, Shanghai and Singapore.

Stena Weco

Commercial operation

In just a few years, Stena Weco has developed a fully integrated global logistics network for the transportation of petroleum products, light chemicals and vegetable oils. The overall fleet comprises about 70 MR vessels.

Stena Weco is jointly owned (50-50) by Stena Bulk and Weco of Denmark. With offices in Copenhagen, Houston and Singapore, Stena Weco is able to meet customer requirements for availability and a local presence.

Stena Weco functions as Concordia Maritime’s marketing organisation and is responsible for chartering, marketing and commercial operation of the P-MAX tankers that carry lighter oil products and the new IMOIIMAX vessels.

www.stenaweco.com

Stena Weco functions as Concordia Maritime's marketing organisation and is responsible for chartering, marketing and commercial operation of the P-MAX tankers that carry heavy lighter products.

Stena Teknik

Development and technical operation

Stena Teknik is a resource for all maritime-related business in the Stena Sphere. Operations include newbuilding and conversion projects, general marine technical consultation and procurement services. The company also conducts research and development in the marine sector. The work covers all types of shipping, from passenger traffic to oil tankers and rigs. Through these various responsibilities, Stena Teknik has built up an extensive knowledge bank in marine technology and naval architecture and is currently one of the leading players globally. It is a measure of the high level of competence that Stena Teknik often functions as a consultation body on different issues relating to shipbuilding technology in the EU.

Stena Teknik provides Concordia Maritime with expertise in areas that range from corrosion protection, classification and safety to more comprehensive projects related to the development and design of new ships.

www.stenateknik.com

Stena Teknik provides Concordia Maritime with expertise in areas that range from corrosion protection, classification and safety to more comprehensive projects involving the development and design of new ships.