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Tankers International VLCC Pool adds Transportation Recovery Fund vesselTankers International VLCC Pool adds Transportation Recovery Fund vessel

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

Gary Howard, Middle East correspondent

June 21, 2023

1 Min Read
Charlie Grey, CEO of Tankers International
Tankers International

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.”

Related:Capital Ship Management returns to New Times Shipbuilding for six tankers

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.

About the Author

Gary Howard

Middle East correspondent

Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. 

Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events.

Conferences & Webinars

Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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