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 Our Business
Aries Maritime is a leading international shipping company that owns product tankers and container vessels. Utilizing its double-hulled fleet of product tankers, Aries transports petroleum products such as gasoline, jet fuel and diesel fuel from refining regions to consuming nations. With a fleet of quality container vessels, the Company also transports a diverse range of finished and semi-finished goods from manufacturing centers to industrial and consumer end-users.
Our Strengths
Aries possesses a number of competitive strengths that bode well for the Company to take advantage of the positive long-term fundamentals for products tankers and container vessels, while delivering strong results to both customers and shareholders. Aries competitive strengths include:
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Products Tankers and Container Vessel Focus -
Aries operates in two sectors that have solid long-term fundamentals.
With a fleet of double-hulled product tankers, the Company is well positioned to take advantage of the geographical dislocation between refining capacity and consumption. By also focusing on the container shipping sector, the Company is well positioned to take advantage of the sector's status as the dominant method for international transportation of many industrial and consumer goods.
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Period Charter Focus - Aries's
strategy is to operate the fleet under long-term contracts, which are aimed at providing shareholders with increased earnings and revenue stability. The Company's approach of seeking to reduce earnings volatility by signing long-term contracts for its vessels is consistent with its policy to distribute dividends to shareholders.
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Double-Hulled Tanker Fleet - As a result of having 100% of its products fleet double-hulled, Aries is in a strong position to successfully operate in a dynamic regulatory environment and meet its customers' needs in a safe and environmentally friendly manner.
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Diverse and Flexible Fleet - Aries container vessels range in capacity from 1,799 to 2,917 TEU. The size and capacity of Aries' container fleet provides the Company with the flexibility to service major long-haul routes, as well as operate in ports that are restricted to larger vessels. The Company's product tanker fleet, which is made up of MR, Panamax and Aframax vessels, also offers the Company and its customers significant flexibility. In addition to being able to service the majority of ports, Aries' coated products tankers have the capability of transporting a variety of wet cargos including dirty and clean petroleum products and edible oils.
Our Strategy
Aries' operating strategy is focused on implementing a period charter approach, in an effort to generate stable cash flow and limit earnings volatility. Complementing this strategy is Aries' commitment to growing the Company and expanding its leadership in the industry.
The Company's Strategy includes:
- Distributing Significant Cash Dividends - Aries
currently expects to pay a quarterly dividend in March, May, August and November of each year. The amount of the dividend is expected to be equal to the charter hire received by Aries under the Charters for its vessels during the preceding quarter, less cash expenses for that quarter and a reserve determined by the board.
- Growing Through Accretive Acquisitions - with strong financial position the Company has capacity to
grow. Aries intends to actively look for opportunities to consolidate the container and product tanker sectors. In executing its acquisition strategy, Aries will focus on accretive transactions that add quality vessels to its fleet for the benefit of the Company, customers, and shareholders.
- Maintaining Quality Vessels - Ensuring that vessels are maintained to the highest standards is a priority, Aries outsources a fleet
management to the world renowned dedicated shipmanagement service
providers. With an uncompromising focus on quality, Aries intends to continue to provide leading charters with modern well maintained vessels that are ideally suited to protect its cargo as well the environment and Company's seafarers.
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