The basis of the firm is Storage and distribution—shipping raw materials to locations where they can be refined, processed, and then used, or delivering them to places where there is a shortage. This entails transporting crude oil in big tankers to refineries, then transporting the finished product to the point of consumption for oil.
In addition to delivering crude oil and oil products, coal, bitumen, chemicals, and pressurized gas, Lone Starf Fuel Storage and Tranfer also owns and leases ships. We have 50 ships at sea at any given moment, and in 2018, 6,843 ship voyages were rented. The largest spot charterer in the world, Lone Starf Fuel Storage and Tranfer, is in charge of a fleet of about 100 time-charter ships. The mainstay of our operation at the Lone Starf Fuel Storage and Tranfer is the transportation of crude oil.
This was the foundation of our business for the first 10 years after we founded it many years ago. One-third of the domestic crude oil transportation business is dominated by Lone Starf Fuel Storage and Tranfer, which serves other significant domestic oil companies. As a national strategic resources, we transport crude oil based on long-term contract with safety in mind service.
Continuous safe operations build our company as a “reliable transportation partner”. We are in good relationship with worldwide oil majors, Asian oil majors and trading companies including Japanese and Chinese companies. And we will try to expand our customers and transportation volume.
For all types of ships that call at the port, Lone Starf Fuel Storage and Tranfer offers a special set of services. Pilotage and towing are the most well-known of these services, and they are offered by a fleet of highly qualified marine harbor vessels. The fleet is equipped with cutting-edge firefighting tools and a dispersant spray arms system to prevent oil pollution. Units of pollution patrols are also prepared to respond swiftly in an emergency. The Marine Department manages an internationally recognized framework for environmental concerns and marine services. utilizing a highly qualified and experienced workforce of engineers, technicians, and pilots to uphold the highest standards of port safety, environmental preservation, and facility integrity.
Leveraging on its extensive port management experience and world-class infrastructure, lone Starf Fuel Storage and Tranfer is committed to deliver a cost-effective, industry-specific solution that caters to the specialised requirements of users at OMCs with the greatest ease.
The two extremely sophisticated matrix manifold systems, numerous piggable pipelines, and cutting-edge digital technologies that provide customers with complete connectivity to any of the company’s berths and the unique capability of transferring goods directly between terminals without the need to charter a vessel are the key to Lone Starf Fuel Storage and Tranfer’s success in terms of short waiting times and quick vessel turnaround times. Due to its international status as a safe, efficient, and progressive vessel terminal/port, as well as the highly skilled and experienced personnel that manage and operate the company, Lone Starf Fuel Storage and Tranfer. is the region’s chosen marine partner.
The establishment of the global oil transportation sector concurrent with the oil commerce is determined by the geographic distribution of the key oil producing and consuming regions. The most efficient way to carry oil is via sea since it is the least priced and has the largest capacity. Three factors set the worldwide oil transportation industry apart: First of all, the route plan and the freight movement are mostly fixed. The second is that there is a greater chance that oil contamination may endanger public health. Large oil companies developed a special method of examination. Third, the increased influence of international political and economic factors has made freight rates more erratic.
