Mercuria joins Tankers International VLCC Pool

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Tankers International, the world’s leading shipping pool for VLCCs, announced today that the Mercuria operated Seaways Kilimanjaro has joined Tankers International’s specialist VLCC Scrubber Pool.

The Seaways Kilimanjaro (296,999 DWT / Built 2012) was delivered to Tankers International on 15 March. The total size of the Tankers International fleet now stands at 58 VLCCs, and the specialist Scrubber Pool has increased in size to 21 vessels, with four more retrofits expected to join throughout 2022.

Charlie Grey (pictured), Chief Operating Officer, Tankers International, commented: “The addition of the Seaways Kilimanjaro further improves the unrivalled strength and depth of our pool, which will deliver unique benefits for Mercuria as well as our other Pool partners. It also represents an exciting opportunity for us to develop a closer relationship with Mercuria, which has a fantastic reputation and large footprint across the commodities supply chain.”

Mercuria, one of the largest integrated energy and commodity trading companies, will benefit from a transparent and cost-effective solution to maximise earnings in the spot market through Tankers International’s powerful economies of scale and unparalleled access to relationships and cargoes. Mercuria will also benefit from more streamlined operations, consistent cash flow, and high-level information sharing associated with Tankers International’s pooling model. At the same time, Tankers International will benefit from new insights into Mercuria’s trading markets.

The Tankers International Scrubber Pool functions as a sub-pool within the Tankers International organisation, operating on a financial and commercial perspective while continuing to share resources across the entire Tankers International fleet. It allows Tankers International to leverage the different trading patterns and earning potential inherent in scrubber-fitted vessels to maximise Pool earnings and provide consistent access to more options for customers.

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