(Apr 16 2009)
Hamburg-based Hellespont has also launched a pool for smaller IMO II type chemical/product tankers. The Seatramp Intermediate Tanker Pool will initially consist of three KG-financed and Hellespont-operated 13,000 dwt vessels.
Hellespont has committed a further eight 17,000 dwt newbuildings, due between now and 2011 to the pool.
Talks with other owners are at an advanced stage and the aim is to bring the pool to around 30 vessels by the end of 2010.
Christian Freiherr van Oldershausen, managing director of Hellespont AG, said, “In the current market consolidation of fleets into pools makes a lot of sense. It smoothes earnings, allows the pool to develop long term relationships with large charterers and balance tonnage against cargo commitments and overall increases returns as tonnage utilisation rises.
"Our KG investors want us to take commercial control of our ships, hence the pool format, which will be strengthened when we expand with other independent owners,” he concluded.
The pool has been set up for IMO II chemical/product tankers built post-2000 of between 10,000 and 20,000 dwt. It will be operated from Hamburg by Hellespont Tankers Gmbh and pool vessels will trade worldwide.
Hellespont currently operates 17 modern crude, product and chemical tankers and two platform supply vessels and has a further four PSV vessels and eight 17,000 dwt chemical carriers on order with delivery dates through 2011.
The company has had previously experience in pooling arrangements as in the past it commercially managed the Seatramp Tankers pool and the Probulk pool.
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