Through creativity, fair dealings, and transparency, Concord nurtures relationships invested across the logistics chain.
Established in April 2018 as an independent third-party commercial manager in the shipping markets; the management team brings decades of experience, highly specialized skills and a long successful track record creating value within the deep-sea logistics chain.
With no shortage of clever marketing, sophisticated schemes, and misaligned interests industry-wide, Concord Maritime strives to define itself by the qualities it values above all else – long-term relationship management, transparency, and fair dealing with its partners. Concord is founded on the principle that relationships are the bedrock upon which opportunities are identified, and success realized. The Company is committed to offering its partners industry leading, best in class, commercial management services.
The Concord team is trained for compliance with the U.S. Foreign Corrupt Practices Act and the U.K. Anti-Bribery Act.
Concord’s counterparties are screened for compliance with the Office of Foreign Assets Control (OFAC) economic and trade sanctions targeted against foreign countries and regimes, terrorist, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States and its allies.
Environmental, Social and Governance
Concord is focused on safety, quality, and delivering leading economic performance for our partners. All counterparties are vetted to ensure full compliance with all applicable laws and regulations, including anti-bribery legislation such as U.S. Foreign Corrupt Practices Act (“FCPA”) and the UK Bribery Act 2010 (“BA”), and anti-bribery and correction (“ABC”) laws in the countries in which we conduct business.
The maritime industry is regulated through a large network of international, national, local, flag state, and classification society requirements. Concord partners only with first-class and experienced shipowners who are fully committed to upholding the highest quality and safety standards. COVID-19 presented many challenges for shipowners and seafarers, with the crew change crisis at the forefront. We continue to work closely with our shipowners to facilitate crew changes, and while the number of countries/ports enabling crew changes has increased, the process remains challenging and costly. In addition, with the support of the Seaman’s Church, we arrange the voluntary vaccinations of our foreign crew members in U.S. ports. These vaccinations alleviate the crew’s concern of severe illness and will simplify crew change procedures going forward.
Maritime transport is the backbone of global trade with approximately 90% of traded goods carried by sea and handled in ports worldwide, providing employment opportunities and economic development worldwide. With recently adopted key mandatory measures, combining an operational and technical approach, the IMO has reset their initial target of 30%, with a plan to reduce annual Greenhouse Gas emissions by a minimum of 40% within 2030, compared to 2008 levels. This transition will cause fundamental changes to shipping, trade, offshore, energy, and renewables. There is much work to do, and Concord is committed to working alongside our partners to understand the available options and to adopt the best practices to achieve full compliance.