Hafnia and Mercuria Unite for Panamax Pool Initiative

Two oil tankers under a dark sky
Updated Published

Hafnia Panamax Pool, a new joint venture, has been announced by BW Group's prominent product tanker, Hafnia, and the well-known commodity trader, Mercuria.

At the outset, the duo will oversee operations for a fleet of 10 ships, each with an average age of 13 years. Their offices are strategically positioned in the United States, Europe, and the Far East.

The collaboration is anticipated to commence in March with the objective of addressing the needs of an increasingly aging demographic.

“As charterers ourselves, we have noticed a deficit of modern tonnage in this segment, and we are delighted to team up with industry-leading tanker owner and pool operator Hafnia in our efforts to service this need,” Larry Johnson, the global head of freight and shipping at Mercuria, conveyed this statement.

“With this venture, we look forward to leveraging our combined expertise and are confident that customers and partners will see immediate and obvious advantages,” included Søren Skibdal Winther in the team, holding the position of Vice President of Commercial at Hafnia.

In August last year, Mercuria partnered with Scorpio Commercial Management, headed by Emanuele Lauro, to initiate the formation of the Mercury Pool specifically for Aframax tankers.