Insights

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Expedo’s New Confidence in Heidmar

September 5, 2013

Expedo Shipping of Monaco has committed another LR1 to Heidmar’s Star Tankers Pool.

The 2005 built, 73,897 deadweight “New Confidence” will deliver to the pool in mid-September and brings the total number of ships trading under Star Tankers Pool banner to 29 of which 12 are coated LR1 product tankers.

Speaking about the new arrival, Heidmar’s Star Tankers Pool MD Jesper Bo Hansen said; “We are very appreciative of Expedo’s continued support of the Star Tankers Pool and warmly welcome their New Confidence to our growing fleet.”

“Star Tankers Pool performance in the clean and dirty spot markets has been exemplary. This superior performance along with a shared belief between Expedo, Heidmar and all of Star’s pool members in the future strength of the LR1 product tanker market was key in encouraging Expedo to commit the New Confidence to the Star Tankers pool rather than the time charter market.”