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New Heidmar Pool Focuses on Handy Products Tankers

April 24, 2015

Connecticut-based Heidmar is on the verge of launching a sixth tanker pool, this time with a focus on handysize products tonnage.

Heidmar president Ben Ognibene confirmed the launch in a recent interview with TradeWinds.

The pool is just getting off the ground – it still does not have a name – and will feature four tankers from an owner that Heidmar does not yet want to identify.

From the modest start, Heidmar would like to add 20 vessels over the next 12 months, Ognibene says.

“I’d like to have 10 ships trading clean and 10 dirty within the first year,” he said.

Heidmar has long traded medium-range (MR) products tonnage through its Dorado Tankers pool, which currently operates three vessels.

It also operates long-range-one (LR1) units through the Star Tankers panamax pool and long-range-two (LR2) tonnage through the Sigma Tankers aframax pool.

A key consideration in branching out to handysize is the hiring of products specialist Olivier Faurisson in March 2014 as Heidmar’s managing director of chartering and marketing in the products division.  Faurisson had served as general manager of Total Trading’s products division, headed chartering and business development at the former OMI Corp. and most recently directed products tanker chartering at Scorpio UK Ltd.

“Olivier has tremendous experience with handies,” Ognibene said.  “He created Scorpio’s handy products tanker pool.  He’s done well wherever he’s been and he’s been working to re-organise our products desk since coming aboard.”

Heidmar also operations pools in suezmaxes (Blue Fin) and VLCCs (Seawolf).  It runs 85 to 90 tankers overall, Ognibene says.

The company is owned 49% by Greek shipowner George Economou, 49% by finance giant Morgan Stanley and 2% by Heidmar employees.

 

Joe Brady in Stamford

24 April 2015, 00:00 GMT