Parakou>Introduction> Strategy for the Future	Back

Sustainable growth with managed risks has been the policy of the Group. It has been the key of the success of the Group by teaming up with its strategic partners in ship shipbuilding and operation. Long-term cooperation with selected shipyards allows the Group to secure new building berths at competitive terms and favorable delivery position. Medium to long-term employment contracts with world class reliable charterers help to hedge the respective market risks of the new building projects. Furthermore, the concrete supports from the banks and financial institutions attribute to the success of the rapid growth of the Group.

The Board has resolved to diversify the business of the Group, both with respect to the composition of the fleet and in terms of its geographic reach.

The current fleet is mainly composed of Bulk Carriers and Product Tankers.

The Group continues to expand its new building program to cope with the market demand and requirements of its chartering partners. It will focus on the global economic development as well as exploration of certain potential niche markets.

The long terms strategic partners includes Cosco, China Shipping, Sinotrans in the East and Canfornav , Rudolph A. Oetker, OSG as well as Seaarland in the West. Further opportunities are to be sought on global basis in order to consolidate the diversification of the Group's activities and fleet composition.