Tranquil Transit has its main office at London, United Kingdom; affiliated with FedEx, and having agencies in different countries such as USA, Turkey, South & North Korea, China, Japan, Australia, Germany, Netherlands, Spain, South Africa, and Lot's more. The Tranquil Transit Group has about 1,650 employees. In the Sea transportation sector, the company has a large fleet where about 70% of the vessels are owned.
Business concept and strategy
The Company’s business concept is to offer European, North American and Asian industry
competitive, secure, reliable, flexible and long-term maritime transport services.
Through large transport volumes and long-term transport portfolios, Tranquil Transit
can optimise sailing patterns and achieve efficient operations and thus secure long-term stable
earnings.
The Company’s strategy is to focus on growth and expansion in the European dry cargo segment
by increasing the volume of long-term freight contracts, purchasing tonnage, acquiring companies
or entering into alliances with other players.
The Company’s financial strategy is to keep focus on and control risk, as well as hedge against
major fluctuations in general market conditions for Tranquil Transit by aiming for:
- A high contractual share of the total freight volume
- A reasonable balance between contract portfolio and freight capacity
- A balanced currency risk
- Reduced exposure to fluctuations in bunker prices
As a part of Tranquil Transit's company culture, core values and ethical guidelines
have been prepared and implemented. Tranquil Transit’s core values are to be:
Trustworthy - Competitive - Safe