Coastal ship owners: With the right relationships, they seem to be thriving – 13 Dec 2021

There are a bunch of coastal traffic ship owners, mostly tanker owner, who depend on public sector oil companies for work.

They enter into agreements with oil marketing companies for a period of one to two years

Owing to the short tenure of these contractc, the long-term revenue visibility depends on the renewal of these contracts with existing clients or their ability to enter into new contracts with other counter parties

The business has its risks but if you have the right contacts and intelligence, it is a good one to be in

This company is an example of how business can thrive over time and with experience