Monday, September 16, 2019

"Cargill and Maersk Tankers Join Forces in Medium-Range Tanker Pool"

That pair knows a thing or two about moving stuff around.
From gCaptain:
Cargill and Maersk Tankers will be joining forces in the Medium Range (MR) tanker segment as part of a strategic partnership that will see Cargill’s entire MR fleet joining Maersk Tankers’ existing MR pool.

A press release said the partnership will create a new joint pool that will significantly increase the scope of their MR spot tanker business, combining Maersk Tankers’ digital expertise with Cargill’s experience in trading.

Maersk Tankers currently operates 44 vessels for 10 partners in its existing MR pool. Cargill will add its fleet of up to 20 vessels, increasing the total number of vessels to more than 60 and making the new pool one of largest in the MR segment.

The agreement does not include derivatives or MR tankers for period employment, which will be handled by Cargill and Maersk Tankers independently, the press release said....
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