Nordic Tankers Teams With Singapore Based Womar

Danish shipping group Nordic Tankers and Singapore-based tanker operator Womar have agreed to form a joint tanker pool management company initially with a total of about 40 vessels, Nordic Tankers said.

The new company, dubbed Nordic Womar, will be managed from Singapore and will start operations Feb 1, Nordic Tankers said in a statement on Wednesday.

“Nordic Womar will initially manage two pools of coated chemical tankers with a total of approximately 40 vessels in the 10,000 to 25,000 deadweight tonnes segment,” it said.

The new venture is an extension of the joint marketing that Nordic Tankers and privately owned Womar started on June 1 last year with coated chemical tankers in the range of 10,000 to 17,000 dwt, Nordic Tankers said.

“Based on a constructive co-operation in this initial phase the entering into joint pool management was a natural next step, and the parties have even increased the scope up to 25,000 dwt,” it said.

With the establishment of the joint pool company, Nordic Tankers will operate a total of about 100 chemical tankers, combining the fleet already under operational management with the fleet of Nordic Womar, it said.

“This agreement is in line with our strategy of prudent and profitable growth with a target of operating more than 150 vessels in 2013,” Nordic Tankers Chief Executive Tommy Thomsen, who will be chairman of the new company, said in the statement.

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