Concordia Maritime’s overall goal is to ensure a level of profitability that generates a good return for shareholders and allows continuous investment in existing and new tonnage. Operations are conducted with the utmost care for people and the environment.
10% return on equity
At least 40% over a business cycle
Average fleet growth
Target of 10% p.a. over a business cycle
Tanker shipping is both volatile and cyclical in nature. In order to bridge periods of weak markets, there are rigorous requirements for financial sustainability and a business model that can be adapted in response to a specific market situation.
Trade in vessels, both purchases and sales, is a key element of every shipping company's operations. The right timing of purchases and sales of vessels is crucial to long-term financial growth. For Concordia Maritime, this means that the fleet size may vary over time. For this reason, annual growth in the fleet is not an overall objective in itself. However, the aim is for operations to generate a return over time that enables a fleet growth of 10 percent over a business cycle.