Seaarland Shipping Management and Nordic Tankers signed a joint venture that will see both of these companies enter the Handysize product carrier market
. The joint venture will involve investment in modern second-hand vessels as well as new buildings. The vessels will be jointly owned by both partners in varying proportions. The first acquisition by the joint venture, the 2000-built 35,820 dwt Hanne, is to be concluded soon. Seaarland will be fully responsible for managing the vessels which will be operated in the Handytankers pool
, currently made up of vessels from Seaarland, Maersk, D'Amico, Motia and CST.