Maersk Tankers, a global leader in the shipping industry, is set to launch a new chemical tanker pool on October 1st, expanding its services and strengthening its position in the market.
Maersk Tankers Chemicals
The new pool, named Maersk Tankers Chemicals, aims to maximize returns for partners’ J19 vessels by leveraging the company’s extensive experience and expertise in chemical vessel operations. The J19 classification typically refers to stainless-steel chemical tankers between 19,000 and 22,500 DWT.
“With no minimum commitment period and flexible redelivery terms, the new Chemical Pool offers a seamless onboarding process and a fair and transparent earnings model,” Maersk Tankers said in a social media post.
Penfield Marine
This expansion comes on the heels of Maersk Tankers’ recent acquisition of Penfield Marine, a boutique commercial management company, which was completed in January. The strategic move allows Maersk Tankers to establish a larger-scale crude and product tanker company, enhancing its service offerings to pool partners and cargo customers.
An impressive fleet
The newly combined entity manages an impressive fleet of approximately 240 vessels, including around 45 vessels owned by affiliated companies. Penfield Marine, founded in 2012, brings to the table its global operations through Panamax/LR1, Aframax/LR2, and Suezmax pools, along with a diverse clientele that includes major oil companies and oil
The transaction closed on January 2, 2024. The price and terms of the transaction will not be disclosed.
About Penfield Marine
Penfield Marine, a boutique commercial management company founded in 2012 by Tim Brennan and Eric Haughn, operates tankers around the world in its Panamax/LR1 pool, Aframax/LR2 pool, and Suezmax pool.
From its offices in Connecticut, London, and Singapore, Penfield provides shipping services to a wide array of clients, which includes chartering customers (major oil companies and oil traders), pool members, and shipping investors.
Penfield employs 43 people. Additional information on Penfield is available at www.penfieldmarine.com.
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