26th May 2021
Signal Maritime launches MR pool
Client news
Commercial ship manager Signal Maritime is expanding its services and launching a new pool for MR product tankers. The move follows the success of its Aframax pool, which has been running since 2018 and consistently delivering above market returns to its members.
The new MR pool will benefit from Signal Maritime’s experience of managing clean tankers as well as utilising its cutting edge technology platform Signal Ocean.
Signal Maritime CEO Panos Dimitracopoulos said:
“The clean tanker market has always been a highly competitive environment with the presence of many experienced owners and pools. We believe that our new MR pool is good for a market that may see more players combining efforts to achieve benefits of scale, optimise their commercial management and address the demanding environmental requirements ahead.
The Signal team has a unique set of capabilities, driven by diversified backgrounds, with a strong track record in the Aframax and MR universe. This makes us very confident about the success of this new initiative.”
The new endeavor will replicate Signal’s success in the Aframax market by bringing together shipping best practices with internet-age advanced analytics and management methods.
The Signal Maritime MR Pool will deliver owners increased flexibility, best-in-class performance and simplicity while protecting the fairness of earnings distribution.
Building a critical mass of vessels whilst staying focused on outperforming the market and maintaining the highest level of quality service for pool partners are Signal Maritime’s main goals for the next two years.
Notes to editors
Established in 2014 The Signal Group is a diversified shipping services group with offices in London and Athens. The Signal Group offers commercial ship management services to a pool of Aframax class oil tankers. In addition, The Signal Group develops and invests in next generation shipping related software technologies. It is led by an executive team who has more than 65 years of collective experience in ship management at the highest level. The leadership team is supported by a world-class mix of commercial shipping professionals, finance professionals, strategists, energy market analysts, data scientists and developers.