Insights

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OSG Shifts Aframax Trio to Sigma Tankers

April 22, 2015

OSG has committed another three Aframax tankers to Heidmar’s Sigma Tankers Pool.  The addition of the Overseas Portland (built 2002; 112,139 deadweight), the Overseas Redwood (built 2013; 112,792 deadweight) and the Overseas Shirley (built 2001; 112,056 deadweight) in the second quarter of 2015 brings OSG’s involvement in Heidmar’s Aframax/LR2 pool to seven ships.

Sigma Tankers is the world’s largest Aframax pool with 18 participants and 40 ships with an average age of approximately 6.5 years.  The pool’s trading focus has been increasingly concentrated in the Western markets where the strongest earnings have been produced.