Concordia Martime AB


405 19 Gothenburg
Sweden
+46 31 85 50 00 Google maps

Hans Norén

President
Concordia Maritime AB
+46 31 85 51 01 +46 704 85 51 01 E-mail

Anna Forshamn

CFO
Concordia Martime AB
+46 31 85 51 72 +46 704 85 51 72 E-mail

Torbjörn Rapp

Technical Manager
Concordia Maritime AB
+46 31 85 50 23 +46 704 85 50 23 E-mail

Concordia Maritime AG

Bahnhofplatz
CH-6300 Zug
Switzerland
+41 41 728 81 21 Google maps

Barbara Oeuvray

General Manager
Concordia Martime AG
+41 41 728 81 31 +41 79 766 07 75 E-mail

Christina Kuhn

Manager
Concordia Martime AG
+41 41 728 81 25 +41 79 312 21 34 E-mail

Concordia Maritime Ltd.

P.O. Box HM 2515, Hamilton HMJX
Belvedere Building, 69 Pitts Bay Road
Pembroke, HM08 Bermuda
+1 441 504 26 55 Google maps

N. Angelique Burgess

General Manager
Concordia Martime Ltd
+1 441 295 00 40 +1 441 504 26 55 E-mail

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Career

There are currently no shore based vacancies.

Please visit our ship managers website www.nmm-stena.com for current seagoing vacancies.

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Risk and sensitivity analysis

A shipping company is exposed to a number of different risks. Concordia Maritime divides these risks into four main categories: corporate risks, market-related risks, operational risks and financial risks. These are assessed according to effect and probability. Each risk is countered by a risk strategy.

The fact that all Concordia Maritime’s vessels are signed to long-term charters contributes to some extent to reducing the risks otherwise associated with shipping. The overall risks exposed to can be divided into four main categories – corporate risks, market-related risks, operational risks and financial risks.

Concordia Maritime's risks


 


1. Corporate risks

Corporate risks refer principally to overall risks related to the actual management and operation of the company.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2. Market-related risks

Market-related risks refer primarily to risks associated with the outside world and the market, in other words, risks that the board and management only have a...

 


A Brand

Despite insurance cover, an accident could have an impact on the company. The oil industry’s demands for safety and environmental responsibility are comprehensive, and an accident at sea or in port would have not only negative environmental consequences, but could also damage the company’s brand. For many years, the company has been a quality shipowner, with high demands in all aspects of safety. This position makes particularly high demands on control and responsibility. Guarding against this type of risk is difficult, and can only be achieved by extensive preventive work and complete openness should an accident nevertheless occur.


B Employees

Concordia Maritime is very dependent on being able to attract and retain employees. This applies in the case of e.g. technicians and employees responsible for customers and partners, but also skilled seagoing personnel. Concordia Maritime has only a small organisation of its own, and this normally means that there is a great dependency on a number of key individuals. In Concordia Maritime’s case, this is to some extent counterbalanced by the close co-operation with several companies in the Stena Sphere. Concordia Maritime also works actively to create a stimulating workplace, with good opportunities for employees to develop.


C Liquidity

A prerequisite of the continuing existence of the company’s business in both the short and the long term is, of course, access to capital and the ability to obtain financing. The company’s newbuilding program is fully financed, which is especially important in times of financial nervousness and instability. One of Concordia Maritime’s overall objectives has been to secure a sound financial position that enables it to make longterm investments. The decision to sign the vessels in its fleet to long-term charters is an important component of this strategy. It ensures stability in cash flows and a strong financial position in the long term. When there is both a financial and an economic downturn, this is a strength, not least because it makes it possible to take advantage of the business opportunities that may arise. In Concordia Maritime’s case, good liquidity and good bank connections are also positive factors.


D Financing risk

Financing risk refers to the risk of Concordia Maritime being unable to satisfy its need for fresh capital. ! is risk has increased as a result of the crisis in the financial market. However, with stable cash flows, good liquidity, short-term investments in mainly corporate bonds and good relations with banks and other lenders, this risk is relatively limited as far as Concordia Maritime is concerned.

 

 

Read more here (PDF) (Page 38)

 

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