Business Concept - Performance

2007

Excerpt from
Annual report 2007

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Ship prices, both of second-hand tonnage and newbuildings, fluctuate, sometimes widely, together with fluctuations in the freight market and shipbuilding market. Timing is thus extremely important and has a large impact on the ship´s capital costs and thus the shipping company´s profitability over a long period of time.

Mission

To provide our customers with safe and cost-efficient tanker transportation based on innovation and performance.

Vision

To be our customers first choice for safety, innovation and performance in tanker transportation which will result in good profitability, steady growth and financial stability.

Strategy

We strive towards our vision by utilizing as much as possible of the knowledge and unique competence that our major service providers within the Stena Sphere can offer in the areas of marketing, ship building and ship operation and by constantly seeking improvement of our critical success factors.

Critical success factors

  • Timing - methodical analysis of our business environment
  • Prioritizing - identifying and selecting deals and projects
  • Relations to customers and other stakeholders - long term and based on trust
  • Transport solutions - innovative and customized
  • Ship operation - first class
  • Sale/purchase of assets with the right timing in the market cycles
  • Implementation of business agreements - focused and efficient

Summary

Concordia Maritime is a tanker shipping company which owns and operates first class vessels. The business is based on long term customer relationships where value is added by, in a concrete way, applying our mission - innovation and performance.

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