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. 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.

There were 33 vetting inspections on board Concordia Maritime’s vessels during 2020. A total of 83 observations arose from these inspections, which gives an average of 2.5 observations per inspection. None of the observations were of a serious nature. No inspection had more than 5 observations.

There were also 18 port state controls during the year. None of these resulted in observations of a serious nature.