Thoresen Shipping Launches New Pool

Thoresen Shipping Launches New Pool1

Owner and operator of dry bulk Supramax vessels Thoresen Shipping has launched a new commercial pooling service called “Thoresen Grabulk Pool”, for ship-owners and operators of Supramax and Ultramax vessels.

Thoresen said members of the new pool will benefit from consolidated commercial management that will market each vessel as part of a unified, single cohesive fleet in niche trades.

Members’ assets will also have access to COA (contract of affreightment), short period, and hedging services.

The new pool service will be led by director of Thoresen Shipping Commercial Team Mr.Henrik Jeremiassen and the Thoresen Shipping Commercial management team led by Mike Anderson.

“Supramax/Ultramax dry bulk shipping desperately needs the consolidation currently present in the Cape sector and container shipping. In considering the demand side of dry bulk, the majority of seaborne cargo is currently controlled by a relatively small number of industrial majors,whereas the supply side of Supramax/Ultramax is highly fragmented with intense competition among owners for freigfreight,” said Mike Anderson, Commercial Director, Thoresen Shipping.

Mr. Anderson noted that many owners carry the disadvantage of having relatively inexperienced commercial management determining freight charges and thereby perpetuating an unhealthy owners’ environment.

Industry consolidation and professional pooling among owners is going to be a critical component in restoring a sustainable model with a more stable pricing environment moving forward, benefitting freight and vessel alike,” added Mr. Anderson.

New pool members are expected to benefit from Thoresen Shipping’s experience in building a strategic presence in higher yielding routes, with a focus on premium service and niche cargos targeting a diverse set of clients including a growing group of industrial majors.

“We have spent the past several years proving our operational capabilities to be best in class,” commented Mr. Ian Claxton, Managing Director, Thoresen Shipping.

We now believe we can take them to market, thereby enabling owners of homogenous Supramax and Ultramax tonnage to benefit from economies of scale and enhanced returns on their assets. This pool will enable all members to benefit from a solid Thoresen reputation, and the enhanced performance that comes with quality, efficiency and solidity.”

Press Release

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >