A flexible and fuel-efficient fleet

Concordia Maritime’s main contribution to more sustainable tanker shipping is a cargo-flexible fleet. Both the P-MAX tankers and IMOIIMAX tankers are designed to transport different types of oil products, which allows good cargo efficiency.

Three of the P-MAX vessels have been converted to IMO3 class after delivery, resulting in a further increase in cargo flexibility, as they can now also carry vegetable oils and lighter chemicals.

All vessels in the fleet also have high fuel efficiency. One of the P-MAX vessels’ main strengths is the hull design, which makes it possible to carry about 30 percent more cargo than a standard tanker on the same draft. At full load, this means considerably lower fuel consumption per unit load than with traditional MR vessels built at the same time. The suezmax vessel and the two IMOIIMAX vessels were at the time of delivery eco-design tankers, which means that a large number of innovative technical solutions resulted in considerably lower fuel consumption at service speed compared to previous generation of tankers.