There are three kinds of trading pattern for our ships:
This implies Abadan shall buy the vessel and lease it out immediately to a good chartering company for a couple or more years for a designated charter rate. This pattern gives us an assured return – with no worry about how the market is going to behave over the charter period, as the charterer is contracted to reward the company daily charter rate, whether the vessel is employed by them or not. In this pattern, once the vessel is owned, she will be deployed on a long-term charter with regular freight or the charter rate payment is received on fixed time determined enables for the company to do better planning. In time chartering of vessels the P&I Clubs provide the cover called FD&D (Freight Demurrage and Défense) ensuring uninterrupted receiving of charter rate keeping the company’s cash flow rotation in a robust condition
Here, Abadan shall trade the vessels on own for fixing charter with a strong chartering team that will be constantly and continuously look for fixing short term employment for the vessel. The spot rate is now increasing over the months. This presents very good profitable opportunities – however the company needs to take into consideration the risk of delay in freight settlement and delay in some ports affecting the turn around. Abadan has the in-house ability to trade the vessel on the spot market efficiently carrying out well standardized and verified due and diligent of charterers and the port authorities as well as to keep track of possible port congestion. Further, the top management of Abadan Shipping by virtue of their shipping networking contacts world wise would be able to get employment for vessels at any time of desire as such there is no scope whatso ever to go unemployed of the vessels acquired.
The acquired vessel would be contracted with importers or exporters on Contract of Affirmant (COA) basis associating with them as their ship and logistic contractor on long term basis. There are numerous importers and/or exporters who require vessels on such voyage contractual term. The proposed movement could be within India or from any country to India or from India to any country or from one third country to another third country (cross trading) as the case may be making better freight on the prevalent market situation.
Abadan top management supported by their team both technical and administrative has the expertise and experience to undertake ship management responsibility for any ship owners. The ship management may be of crewing management or technical management or both. Abadan has the wherewithal and tremendous resource networking world wide to manage any type of vessels plying in the Indian and international waters. Abadan supported by IT enabled management control is eminently perform ship management responsibility cost effectively to the satisfaction of customer. Their international agency networking and associateship in any port worldwide can provide this service efficiently.
Abadan has excellent expertise relation with reputed international ship brokers and ship breakers in India and nearby countries. By virtue of this, Abadan has envisaged to engage in scrap ship buying and selling to effectively use their reserve fund to generate revenue for the company. The world-wide connectivity as well as maintaining of dedicated repair team also enables Abadan to profitably venture into this specific and specialised services
The top management of Abadan supported by experts can undertake and provide new ship building supervising service for the customers, who have contracted for new ship building with any ship yard worldwide. Abadan is capable of providing supervising for new building of any segment of vessel – be it bulker, tanker vessels of all types, LNG vessel, LPG vessel, Container vessel, specialised vessel etc., Abadan has cordial and well appreciative business relation with many of the ship building yard worldwide as well as with all the International Classification Societies and P&I clubs. The top management has the real time past experience of having done supervision and completion of more than 20 vessels of new building by ship yards in Far East and Europe. Abadan has the necessary experienced team to provide this service at any time of the year at a competitive cost basis.