In addition to our business strategies, we pursue an intensively customer and service-focused strategy, which has helped us achieve superior operating results and set us apart from our competition.

Experienced Management Team
We have experienced management in all functions critical to our operations, promoting strong investor return, a focused marketing effort, tight quality and cost controls and effective operations and safety monitoring. Our founder Peter C. Georgiopoulos has more than 11 years experience in the tanker industry, with 10 of them as a ship owner. Additionally he has three years of experience in the field of investment banking. Our senior executive officers and key employees have a total of more then 90 years experience in the shipping industry.

High Quality Vessels
High-quality tankers. We operate a fleet of high-quality, mid-sized tankers. We place great emphasis on ship maintenance and retaining qualified crew members to operate our tankers. We believe that this makes it more likely for us to obtain repeat business from customers and to operate our tankers with greater fuel efficiency and lower maintenance and operating costs. Because of increasingly stringent operating and safety standards, the age and quality of our fleet have given us a high level of acceptance by tanker charterers.

Focused Fleet
We believe that Aframax and Suezmax tankers, which make up our entire fleet, are among the most versatile tankers in the world fleet due to their ability to service virtually all ports and routes used for crude oil transportation. Additionally, the majority of our tankers have one or two substantially identical "sister ships" in our fleet which we often use interchangeably. These sister ships enhance the revenue generating potential of our fleet by providing operational and scheduling flexibility. The uniform nature of many ships in the fleet also provides us with cost efficiencies in maintaining, supplying and crewing our tankers. Finally, Aframax and Suezmax tanker charter rates have historically been less volatile than charter rates for VLCCs.

Customer Relationships
We are building relationships with a number of our customers including Chevron Corporation, CITGO Petroleum Corp., Exxon Mobil Corp., Phillips Petroleum Corp. and Texaco. We believe that our customer relationships stem from our reputation for dependability and for delivering high quality transportation services.

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