Womar will assume commercial management of the Chembulk vessels from its existing offices in Singapore, Houston, Rotterdam, Mumbai and a new Womar commercial management office opened in Stamford, Connecticut in the US.
The vessel transitions will commence at the end of March and will be completed during May.
Chembulk operates a fleet of 19 ships with capacity ranging from 8,500-34,500 dwt, according to the company website.
“Chembulk’s commercial shift to the Womar chemical pools places our quality vessels in an established and growing revenue sharing platform, providing commercial efficiencies, logistics flexibility and a seamless continuation of the performance our customers expect from Chembulk vessels,” saud Bart Kelleher, ceo of Chembulk.
“All ownership responsibilities will remain fully within Chembulk, Kelleher added.
Chembulk will remain responsible for all its finance functions, corporate control and reporting, as well as full oversight and control of the technical management performance of its fleet.
Chembulk’s existing presence in Southport, Houston and Singapore will be staffed accordingly for those functions, while its office in Geneva will be discontinued.
Jake Scott, managing partner of FDX, which acquired Womar in September 2019, said: “With this deal, Womar establishes an important footprint in Connecticut as we seek to expand into new markets.”
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