Our business strategy is focused on building and maintaining enduring relationships with charterers of drybulk carriers and providing reliable seaborne transportation services at competitive cost.
We seek to acquire and operate new built and second hand drybulk carriers across the medium size spectrum, including mainly Ultramax and Supramax vessels, but also looking at Panamax vessels, and employing them in a combination of "spot charter", and "period time charter" contracts. This strategy enables the company to benefit from the market’s upside potential or to seek additional charter coverage in the event of adverse market movements.
WEM Lines main strategy that has been adopted since its inception in the shipping market is to hedge our revenue fluctuation in the spot and time charter market. The strategy that we have implemented to date is to secure sufficient revenue through one year time charter in order to cover our fleets’ operating expenses and breakeven costs. We also chose to use our experience in the short term market in order to get more competitive rates.
Our main goal is to increase shareholders’ equity value and wealth, by maximising returns on our investments, from operation and asset play, while at the same time ensuring our vessels adhere to the highest safety and environmental standards all while providing superior ship-management services. We plan to accomplish this by:
W.E.M. Lines aims to capitalize on any additional opportunities in the second hand market through timely and selective acquisitions of vessels.
Company management expects to fund any of its acquisitions of additional vessels using cash on hand, free cash flows as well as proceeds from new debt financing.
- Continually upgrading our fleet
- Strategically expand the size of our fleet
- Place great emphasis on meeting the Client’s specific needs
- Pursue an appropriate balance of short term and long term charters
- Maintain low cost, highly efficient operations
W.E.M. Lines aims to capitalize on any additional opportunities in the second hand market through timely and selective acquisitions of vessels.
Company management expects to fund any of its acquisitions of additional vessels using cash on hand, free cash flows as well as proceeds from new debt financing.