Seaarland and OSG set up Suezmax pool

Amsterdam-based Seaarland Shipping Management and New York-based Overseas Shipholding Group have set up Suezmax International, a commercial pool that will initially operate eight tankers.

The Suezmax International Pool is co-managed by Seaarland Shipping Management in Amsterdam and OSG Ship Management in New York, USA. OSG and Seaarland have committed eight ships to the pool so far: the ‘ ‘Overseas London', ‘Overseas Newcastle', ‘Genmar Hope', ‘Elisewin', and four newbuildings due for delivery from Nantong Rongsheng Shipbuilding, China during 2009. Seaarland has also ordered three 165,000DWT Suezmax tankers on May 30, 2008 to be built at Hyundai Heavy Industries, South Korea, for delivery in the second, third and fourth quarters of 2011. The intention is to commit these ships to the new pool. "The Suezmax International pool will benefit our customers by providing a cohesive, high quality, competitively priced solution to their logistical requirements. Seaarland and OSG will benefit from improved scheduling and the bulk buying of goods and services including bunkers, agency and port expenses," said Antonio Zacchello, managing director of Seaarland Shipping Management. The Suezmax International pool will have two chartering offices.
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