Our business is centered on distribution and logistics, which involves delivering goods to locations facing shortages and processing them on-site. In the oil sector, this entails transporting crude oil via large tankers to refineries, followed by delivering the refined products to consumption points. Bama Storage Texas LLC not only manages and charters ships for transporting crude but also handles bitumen, coal, chemicals, and pressurized gas. We maintain a fleet of 96 ships at sea at any given time and chartered 834 ship journeys in 2021-2022. As one of the largest spot charterers globally, we operate a fleet comprising primarily time-chartered vessels.
Crude oil transportation is the cornerstone of our business, serving as the foundation for our first two years and how we established our company. Bama Storage Texas LLC commands approximately one-third of the domestic crude oil transportation market, providing services to ama Storage Texas LLC and other prominent domestic oil companies. We operate under long-term contracts with a strong emphasis on safety, recognizing crude oil as a national strategic resource. Our commitment to safe operations positions us as a "reliable transportation partner." We have established positive relationships with leading oil companies globally, as well as significant firms in Asia, including trading companies in China and Japan. Additionally, we aim to expand our client base and increase our transportation volume.
VALUE CHAIN, CHARTERING & TANK STORAGE
Since 2021, Bama Storage Texas LLC has offered online fleet management and chartering services for oil and dry cargo vessels. Our chartering department comprises highly skilled professionals with extensive experience in the industry, all of whom are certified. In addition, Bama Storage Texas LLC is working to further integrate its operations with the downstream sector.
