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 July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

ClassNK Releases Guidelines for CNG Carriers

Classification society ClassNK has released its Guidelines for Compressed Natural Gas (CNG) Carriers.   Global economic and population growth is bringing about

Eni Mulls Mozambique LNG Supply Deal

Italian oil and gas group Eni is holding discussions with a potential buyer of liquefied natural gas (LNG) supply from its floating export project in Mozambique, an executive said on Thursday.

Long Beach Port Celebrates Environmental Successes

Shipping lines, environmental organizations, trucking companies, terminal operators and a railroad were honored today, July 29, by Long Beach Mayor Dr. Robert

Dredging

Cambodia: Anti-dredging Protests Heat Up in Koh Kong

The The Phnom Penh Post reported that activists have continued their campaign to drive out sand dredging companies from Koh Kong province’s Botum Sakor district,

Philippine Port Project Draws Multi-National Attention

MANILA, July 29 (Reuters) - A 18.99 billion pesos ($417.91 million) project to modernise a port in the southern Philippines has attracted interest from five groups,

Idreco Delivers Dredger for Hydro-Dam in Congo

Idreco (International Dredger Constructions) of the Netherlands informs it has designed, built and installed its second dredger, an ISD 600 with a digging depth of 30 meters,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1061 sec (9 req/sec)