European Tanker Companies Pool Together

Wednesday, April 18, 2001
Danish shipping companies Maersk Tankers, owned by shipping and oil group A.P. Moeller, and D/S Torm said on Wednesday they had established a new product tanker pool with two other international shipping lines.

The pool, named LR2 Pool, will manage the companies fleets of 100,000 dead weight (dwt) product tankers (LR2 vessels) and commence operations on April 23.

The other members of pool are Russian Primorsk Shipping Company and Germany`s Reederei Nord Klaus E. Oldendorf.

"The LR2 Pool will manage a fleet of exclusively modern LR2 vessels numbering initially 14 vessels. As participants take delivery of newbuildings, the fleet will grow to more than 20 vessels by 2003," A.P. Moeller officials said.

A commercial management company owned jointly by Torm and Moeller with offices in Copenhagen and Tokyo as well as representations in Seoul and Singapore will be established to handle chartering and post-fixture operations for the pool.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Ardmore Shipping Secures Newbuilding Finance

Ardmore Shipping Corporation says it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB ("SEB").

Worrying Trend of Tanker Hijacks in SE Asian Waters: IMB

The Piracy Reporting Centre (PRC) of the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) raises concerns over a worrying trend of

Iraqi Kurdish Oil Nears US Port Despite Concern in Washington

A tanker carrying crude oil from Iraqi Kurdistan is just two days away from arriving at a U.S. port, according to ship tracking satellites, despite Washington's

Dredging

Bahrain US$35-M Land Reclamation Contract for GLDD

Provider of dredging services in the United States and a major provider of environmental & remediation services, Great Lakes Dredge & Dock Corporation (GLDD) says

Boscalis to Get IJsseldelta 'Room for the River' Contract

Royal Boskalis Westminster N.V. (Boskalis) say that the Dutch Department of Public Works and the province of Overijssel intends to award the contract for the IJsseldelta polder to them.

Van Oord Consortium Awarded Singapore Port Expansion

Van Oord has in consortium been awarded work associated with the expansion of the Singapore Tuas Mega Port development. Jurong Town Corporation awarded the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1657 sec (6 req/sec)