External controls and inspections

The largest risk associated with tanker shipping is the risk of an oil spill in connection with a grounding, collision or some other accident. However, with the increasing modernisation and safety of the global tanker fleet, the number of oil spills has declined dramatically and they are now very rare.

This trend is due to a combination of comprehensive improvement work on the part of the world’s shipping companies and tougher requirements from regulators, customers and other stakeholders. Strict reporting procedures enable total control over all incidents – in port and at sea. 

There were 32 vetting inspections on board Concordia Maritime’s vessels during 2021. There were 62 observations recorded during these inspections, resulting in an average of 1.9 observations per inspection. There were no observations of a serious nature One inspection had more than 5 observations. There were also 23 port state controls during the year. None of these resulted in observations of a serious nature