Mercuria joins Tankers International’s VLCC pool
Tankers International, the world’s leading marine pool for VLCCs, today announced that Mercuria operated Seaways Kilimanjaro has joined Tankers International’s specialist VLCC Scrubber Pool.
Seaways Kilimanjaro (296,999 DWT / Built 2012) was delivered to Tankers International on March 15. The total size of Tankers International’s fleet now stands at 58 VLCCs, and the specialist Scrubber Pool has grown to 21 vessels, with four more retrofits expected to join throughout 2022.
Mercuria, one of the world’s largest integrated energy and commodity trading companies, will benefit from a transparent and cost-effective solution to maximize spot market revenue through Tankers International’s powerful economies of scale and a unparalleled access to relationships and shipments. Mercuria will also benefit from more streamlined operations, consistent cash flow and high-level information sharing associated with Tankers International’s pooling model. At the same time, Tankers International will benefit from new insights into Mercuria’s trading markets.
The Tankers International Scrubber Pool operates as a sub-pool within the Tankers International organization, operating financially and commercially while continuing to share resources across the entire Tankers International fleet. It allows Tankers International to leverage the different business models and inherent earning potential of scrubber-equipped vessels to maximize pool revenue and provide consistent access to more options for customers.
Charlie Gray, Chief Operating Officer, Tankers International, said, “The addition of Seaways Kilimanjaro further enhances the unrivaled strength and depth of our pool, which will provide unique benefits to Mercuria as well as our other partners in the pool. It also represents an exciting opportunity for us to develop a closer relationship with Mercuria, which has a fantastic reputation and a large footprint in the raw materials supply chain.
Source: Tankers International