The roots of Star Tankers Inc. can be traced back to January 1, 1998 when Heidmar Inc. and Pleiades Shipping Agents SA ("Pleiades"), formed a "pool" named "Heidmar-Pleiades Pool Inc." At that time, the combined fleets of Heidmar and Pleiades controlled approximately 20% of all the Panamax tankers trading in the Atlantic basin.
On January 1, 1999, the name of the Heidmar-Pleiades pool was changed to Star Tankers as a result of the addition of three new Pool members and the continued interest of several other shipowners to join the Pool. In addition to Heidmar and Pleiades, the other Pool participants are: Chemikalien Seetransport, Dalian Ocean Shipping, Grace Management, Expedo Shipping Corp., Hanseatic Lloyd Reederei, Ionia Management, Tsakos Shipping & Trading, and Sanko.
Advantages of Pool Membership:
- Access to Heidmar's Extensive Worldwide Marketing, Operational, Seagoing and Pool Management Expertise
- Consistently Higher Earnings versus the Market
- Economies of Scale in Purchasing (Bunkers, Agencies, Tugs, Etc.)
- Total Transparency
- Comprehensive In-House Vetting Program for Servicing Oil Majors
- eFleetwatch website provides competitive advantage
- Participation in pool strategy
With both Panamax and LR1 tonnage vessels, the Pool is able to offer maximum flexibility to its customers accross the worldwide CPP and DPP markets. In order to maximize earnings, the Pool strives to keep approximately 25-30% of its vessels employed through contracts of affreightment with the balance of the fleet available for spot trading opportunities.
Star Tankers Inc. is a stable and mature pool, continuing to maintain its excellent reputation in the industry. |