We provide seaborne transportation of refined petroleum and other products in the international shipping markets. We are one of the largest owners and operators of modern medium range, or MR, product tankers in the world.
We employ a chartering strategy for our fleet by mixing short- and long-term employment for our vessels in the spot market along with fixed-rate time charters.
Our fleet currently consists of 33 MR product tankers built at leading Korean and Japanese shipyards. All of our product tankers are on the water today, trading in the market and earning revenue.
Chief Executive Officer Craig Stevenson, Jr. leads our management team and has over 40 years of experience in the shipping industry. Our management team strives to maintain high standards of performance, cost-efficient operations, reliability and safety in all of our operations.
Our shareholders include affiliates of WL Ross & Co. LLC, an investment management company that has a long track record of investing globally in a diverse set of industries, First Reserve Corporation, or First Reserve, a leading private equity firm focused on the energy sector, and CarVal, an investment arm of Cargill, Incorporated.