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Frontline, Euronav and Diamond S Shipping in new suezmax pool

Frontline, Euronav and Diamond S. Shipping have come together in a new suezmax pool.

The new joint venture - Suezmax Chartering - started operations on Thursday and has pool of 43 suezmaxes, including newbuildings, operating on the spot market.

Frontline will be contributing 22 vessels to the pool, 15 currently on the water and eight newbuildings.

The pool will operate from the three company’s existing offices.

Paddy Rodgers, ceo of Euronav commented:“All three companies’ management share a similar vision in bringing greater transparency to what is a highly fragmented industrial structure.”

Frontline ceo Robert Hvide Macleod added: “We share the common goal of providing safe, timely and high quality service to our customers." 

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