By concentrating the shipping activities between coastal tankers and MRs, the Group has been able to develop a fundamental strategy play. The smaller tanker market is less volatile allowing for a greater predictability of cash flows and an enhanced utilization of assets. Offering larger tankers to its clients creates greater commercial visibility, brand recognition and allows Socatra to demonstrate its technical prowess on a larger scale while optimizing its cost structure. This unique positioning between the two markets permits Socatra to maximize the assets of its current fleet while developing investment projects to transform this strategy into a competitive edge.

As we have added new trading routes we simultaneously establish a local presence. This allows for a deeper understanding of the region’s particular requirements. Local group subsidiaries manage much of the regional trading aspects and their relevant logistical and strategic decisions.

We are also developing our ship management activity by continuing to operate VLCC tankers.