Seaven is committed to safely operating a fleet of modern tankers which through a predominantly time charter-oriented deployment strategy will provide our Owners with enhanced value by generating a consistent and predictable earnings stream. We intend to enhance our leadership as an international provider of petroleum products transportation services through a combination of strategic acquisitions, new building program and the implementation of our time charter strategy.
Seaven recognizes that oil 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 and develop new long term relationships with the major charterers.
Our Company has achieved over 16 consecutive years of profitability by executing the below pronged strategy:
A Focus on Time Charters
Signing profitable time charters is the foundation of our corporate strategy. Our corporate approach of locking-in significant revenue on profitable 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 true to this strategy, Seaven is optimally positioned to provide earnings visibility and consistent profitability in challenging markets while maintaining its ability to take advantage of strong markets.
Growing a Modern and Focused Fleet
Seaven owns and operates a fleet of well-maintained modern tankers. The Company’s growth strategy is premised on adding quality double-hull 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 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 currently is focused on medium size oil/chemical tankers within two particular market segments: the state-owned oil Companies and the most reputable International oil 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
Our company 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 majors, oil traders and national oil companies that value Seaven strong safety record and consistently high standards of performance.
Additionally, Seaven has under its management a pneumatic cement carrier vessel which is trading within Mediterranean ports and is chartered by first class cement major companies.
Corporate Organizational Structure
Seaven is fully vertically-integrated in structure, all primary functions of a shipping company, from ownership to technical and commercial management, are contained within the same company.