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Tankers International VLCC Pool adds Transportation Recovery Fund vessel

Tankers International Charlie Grey, CEO of Tankers International
Tankers International’s specialist Scrubber Pool has snapped up Transportation Recovery Fund- (TRF) operated vessel TRF Horten into its specialist VLCC Scrubber Pool.

The delivery of the 2018-built, 297,638 dwt TRF Horten brings the world’s largest VLCC pool to 64 VLCCs, and its Scrubber Pool to 36 vessels.

The five-year-old vessel brings the scrubber pool average age to seven years.

“The addition of the TRF Horten further improves our pool’s unrivalled strength and depth, delivering clear benefits for TRF and our other pool partners,” said Charlie Grey, CEO of Tankers International.

“It also represents an exciting opportunity for us to develop a closer relationship with TRF, which offers value to the pool with its knowledge, experience, and expertise. TRF’s decision to join the pool is a statement of trust in our ability to adapt to changing markets and ensure that all partners are optimised for the future,” added Grey.

TRF owns 19 ships across the chemical and crude segments. Tankers International said TRF will benefit from a transparent and cost-effective solution to maximise earnings in the spot market through Tankers International’s economies of scale and access to relationships and cargoes.

Michael Aasland, CEO of TRF Ship Management, added: “We applaud Tankers International’s reputation for professionalism, trustworthiness, flexibility and service with its experienced management team and relentless focus on driving value for pool partners. We look forward to improved cash flow and revenue as part of a mutually beneficial partnership that sees strong financial returns in the near and long-term.”

Tankers International has three sub-pools, one for vessels over 15 years of age, another for non-scrubber fitted modern vessels and a third for modern vessel with scrubbers. The scrubber sub-pool reflects the unique financial, operational and commercial perspective of vessels fitted with scrubbers, while continuing to share resources across the entire Tankers International fleet.