captive fleet
transport
Quick Summary
A captive fleet is a shipping company that operates as a subsidiary of a larger entity, primarily to transport its own cargo. This arrangement is common among major petroleum companies, which use their captive fleets to move crude oil to refineries and distribute refined products. The core purpose of operating such a fleet is to ensure a continuous and reliable flow of the parent company's goods, thereby meeting investment expectations through freight rates that cover expenses and provide returns.1
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