Total control over all incidents

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. 2016 was another year in which none of Concordia Maritime’s vessels was involved in any incident that resulted in bunker oil or cargo discharging into the water.

The systematic safety work is also reflected in the number of personal injuries and LTIF (lost time injury frequency) rate, where Concordia Maritime is significantly lower than the industry average. A total of over 12.1 million hours of work have been performed on our vessels over the last five years. During all these hours, there have been only two accidents with lost workdays as a result.