The business revolves around distribution and logistics, which include shipping goods to locations with shortages and processing them there. In the case of oil, this entails transporting crude in sizable tankers to refineries, after which the refined product is transported to the point of consumption. In addition to delivering bitumen, coal, chemicals, pressurized gas, and crude oil and its derivatives, Blendstar LLC also owns and charters ships. We have 96 ships at sea at any given time, and 834 ship journeys were chartered in 2021–2022. Among the biggest spot charterers globally, Blendstar LLC oversees a fleet of approximately time-charter vessels. At Blendstar LLC, the core of our business is the transportation of crude oil. It was the foundation of our business for the first two years and how we founded it. Serving Blendstar LLC and other significant domestic oil companies, Blendstar LLC commands a third of the domestic crude oil transportation market share. We transport crude oil under long-term contracts with safety as our top priority as a national strategic resource. Our business is positioned as a "reliable transportation partner" thanks to ongoing safe operations. We maintain positive relationships with major oil companies around the world, major oil companies in Asia, and trading firms, including Chinese and Japanese firms. We also plan to increase the number of our clients and the volume of our transportation.
VALUE CHAIN, CHARTERING & TANK STORAGE
Blendstar LLC has been providing online fleet management and oil and dry cargo vessel chartering services since 2021. The staff of the chartering department is made up of highly qualified professionals with extensive work experience in the relevant market sector. They are also certified. Furthermore, Blendstar LLC is moving to further integrate its operations with the downstream industry.
