Tankers International has extended its coverage beyond the VLCC market to include Suezmax vessels. With the formation of a new pool, International Seaways, who today acquired sole ownership of Tankers International, will
Tankers International has extended its coverage beyond the VLCC market to include Suezmax vessels. With the formation of a new pool, International Seaways, who today acquired sole ownership of Tankers International, will add their spot trading Suezmaxes to Tankers International’s long-standing platform.
A dedicated Suezmax pool provides greater flexibility to secure cargoes across similar crude movements, while expanding optionality to routes beyond those accessible to VLCCs.
Charlie Grey, Chief Executive Officer, Tankers International, commented: “Today’s announcement is very much the culmination of a strategic plan that has been years in the making, and signals the start of a new, exciting phase for Tankers International.
“While VLCCs will remain a cornerstone of what we do, we recognized that there is an overarching need for greater agility and flexibility amid a rapidly changing global marketplace. We believe that agility is the new stability. This is something that we are excited about - the expansion means we will have access to more data and our Pool members benefit from those additional insights.
“As the market continues to evolve, the company’s pooling model – with Tankers International’s team managing all operations and each Pool member granted an equal vote – will remain critical in
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