Stena Bulk said that the pool will initially consist of five Panamax tankers but the aim is to expand it over the next few years to 10 vessels by means of purchases or charters. The head office for the pool is located in Stena Bulk’s Houston headquarters in the US state of Texas.
Ulf Ryder, president and CEO of Stena Bulk, said: This new venture is a direct spin-off from the successful collaboration involving a Suezmax pool, which Stena Bulk and Sonangol have been operating for some years. The aim is the same, to enhance efficiency and thus increase revenue.
The Suezmax pool, which was started up in 2005, reportedly consists of 13 vessels, both owned and chartered. The new Panamax pool is a further development of the same concept but in another market segment, according to Stena Bulk.
