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Heindenreich Marine Develops Product Tanker Pool

Maritime Activity Reports, Inc.

January 5, 2001

Heindenreich Marine has created a new global clean petroleum product tanker pool - Dorado Tankers - to be managed from Heidmar's new office in Darien, Conn. The focus of the new company will be to operate product tankers under a common umbrella - similar to the Star Tankers' panamax pool.

Heidmar also reported that it has elected David G. Palmer as vice president of the company, as well as managing director of Dorado Tankers. Palmer previously served as CEO of the International Product Carriers Pool and as senior executive with Stolt-Nielsen.

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