Nordic Tankers and WOMAR tie up

Chemical tanker operators Nordic Tankers and WOMAR Logistics have established a jointly owned independent pool management company.

Nordic Womar will initially manage two pools of coated chemical tankers with a total of approximately 40 vessels in the 10K to 25K deadweight tonnes (dwt) segment. The companies had already been jointly marketing each others' 10 to 17k dwt tankers since June 2010.

“This agreement is in line with our strategy of prudent and profitable growth with a target of operating more than 150 vessels in 2013. Apart from further combining the strengths of Nordic Tankers and WOMAR and creating critical mass, it is a significant and concrete result of our growth efforts and a perfect match to the part of our strategy concerning the establishment and operation of pools” said Nordic Tankers CEO Tommy Thomsen.

“Nordic Tankers' well known presence in Western markets and this joint pool company will further enhance our services to our customers providing efficient access to the global markets.” said WOMAR CEO Hans van der Zijde.

The company will be managed out of Singapore and will commence operations 1 February 2011.