We intend to enhance our leadership as an international provider of petroleum products transportation and cement transportation services through a combination of strategic acquisitions, newbuilding program and the implementation of our time charter and COA strategy.
Seaven recognizes that oil and cement companies and other charterers will be looking for professionally managed and well capitalized companies as their preferred carrier of choice. In this respect, our Company is committed to provide quality transportation services to all of our customers and to maintain / develop new long term relationships with the major charterers.
Seaven has achieved to increase its fleet and become a well-known and reliable carrier by executing the below pronged strategy:
A Focus on Time Charters and CoA’s
Time charter contracts and CoA’s is part of our strategy. Our company approach of locking-in significant revenue on those charters is complemented by its active management of contract duration, and the trading of a portion of its fleet in the spot market. By staying focus to this strategy, our company is optimally positioned to provide consistent profitability in challenging markets while maintaining its ability to take advantage of strong markets.
Growing a Modern and Specialized Fleet
Our company owns and operates a fleet of well-maintained and specialized oil/chemical tankers and cement carriers. The Company’s growth strategy is premised on adding quality vessels to its fleet.
Cost-containment remains a priority at Seaven, in accordance with its goal of providing Owners with consistent profitability and returns. Seaven has continued to focus on implementing cost controls during a time of significant fleet growth and increased regulation. Through these efforts, the Company has been able to maintain one of the most competitive fixed cost structures. Cost containment will remain a primary objective of the Company.
To execute this pronged strategy in a way that pays appropriate attention to the needs of its customers, as well as achieves high operational standards with minimal environmental impact while protecting the safety of operational staff and the ships in its care, the following strategic steps are considered essential and interdependent.
A significant market presence
Seaven is focused on medium size oil/chemical tankers and cement carriers within two particular market segments: the domestic oil and cement Companies and the most reputable International oil and cement trading houses. Continued growth through consolidation in both of these sectors increases our Group ability to meet its customers’ needs and enables the Company to capitalize on the growing demand. Furthermore we are constantly investigating the market and we are ready at any time to acquire medium or bigger size of vessels whenever the demand will safeguard such acquisition.
A quality reputation
Seaven has a strong, growing reputation for delivering a high quality, reliable and safe transportation service to its customers. The Company will continue to build on this reputation by ensuring that its operational standards are consistent with the highest industry standards.
Long-term customer relationships
Seaven will continue to develop and maintain strong relationships with a broad base of discerning customers consisting of oil and cement majors, traders and domestic companies that value Seaven strong safety record and consistently high standards of performance.