Stena Bulk, Gothenburg, Sweden, and Sonangol, Republic of Angola, have expanded their shipping collaboration and are now also operating a pool with Panamax tankers. The head office for the pool is located in Stena Bulk’s Houston TX headquarters although the group’s other offices all over the world are also involved.
The Suezmax pool, which was started up in 2005, currently consists of 13 vessels, both owned and chartered. The new Panamax pool is a further development of the same concept but in another market segment.
The vessels transport crude oil and petroleum products in Atlantic trade as well as sailing in a round-the-world service. Initially, the pool consists of five Panamax tankers but the aim is to expand it over the next few years to ten vessels by means of purchases or charters.