An operator, not an owner.

We own no ships. Each fixture starts with a cargo, and the ship is chartered in against it: the size, gear and position that stem needs, from any of about 180 owners [CONFIRM], not the nearest ship in a fleet that has to be kept busy. We hold commercial control of every fixture and run the voyage with our own operations desk. For a charterer, the ship fits the stem and one desk answers for it from recap to final account. For an owner, the charterer has cargo in hand, pays hire when due and redelivers on terms, and is not a competitor placing its own tonnage against yours.

Tonnage is fixed back-to-back against cargo, fixture by fixture. Charter parties are on BIMCO-standard forms, amended by rider clauses, not rewritten. P&I and H&M cover is confirmed before loading on every voyage. Owners, managers and vessels are screened before the recap is final [CONFIRM tool], and a counterparty we cannot verify is a fixture we do not do. 254 fixtures since January 2024 have run on these terms.