How we create value
The Group is transitioning from a pure tonnage provider model, where vessels were primarily time chartered out at fixed daily rates, to a commercial shipping company with the capability to implement a diversified strategy as appropriate, including:
→ Operating its fleet under a mix of time charter, voyage charter, and Contracts of Affreightment (“CoAs”) to optimise fleet earnings and cargo coverage
→ Managing chartered-in vessels and commercially leveraging its ship management platform for third party customers
→ Pursuing a fleet renewal strategy, evaluating acquisitions and disposals opportunistically based on assessment of market cycles