Nordic Tankers in new joint pool
SHIPPING: Nordic Tankers and Womar Logistics have reached an agreement to establish a jointly owned independent pool management company with the name of Nordic Womar. The company will initially manage two pools of coated chemical tankers.
The pools will have a total of approximately 40 vessels in the 10,000 to 25,000 DWT segment.
“This agreement is in line with our strategy of prudent and profitable growth with a target of operating more than 150 vessels in 2013. Apart from further combining the strengths of Nordic Tankers and Womar and creating critical mass, it is a significant and concrete result of our growth efforts and a perfect match to the part of our strategy concerning the establishment and operation of pools”, says Nordic Tankers CEO Tommy Thomsen.
Tommy Thomsen will be Chairman of the Board and Hans van der Zijde, CEO of Womar Logistics, will be CEO in Nordic Womar.
The agreement is made in continuation of the joint marketing agreement that commenced 1 June 2010, where Nordic Tankers and Womar started marketing each others' coated chemical tankers in the range of 10,000 to 17,000 dwt in their individual areas of primary marketing strength.
Based on a constructive co-operation in this initial phase the entering into joint pool management was a natural next step, and the parties have even increased the scope up to 25,000 DWT.
With the establishment of the jointly owned pool company, Nordic Tankers will operate a total of approximately 100 vessels in the chemical tanker segment, combining the fleet already under operational management with the fleet of Nordic Womar.
The company will be managed out of Singapore and will commence operations 1 February 2011.
Source: Nordic Tankers / maritimedanmark.dk
