India’s Sanmar Shipping has gone back to Maersk Tankers’ pool operation to help it cut emissions.
The Chennai-based tanker and LPG carrier owner has placed the 106,500-dwt LR2 Sanmar Sangeet (built 2004) with the Danish operator.
Sanmar was attracted by the two companies’ shared determination to decarbonise, as well as the trading strategy of the LR2 pool.
“The latter has led to strong earnings, in particular over the past few quarters,” Maersk Tankers said.
The Indian company rejoins the pool at a time when freight markets are rallying, but the need to decarbonise is becoming ever more pressing.
Maersk Tankers provides a fuel optimisation service and rewards partners that invest in efficiency through its bunker adjustment methodology.
Sanmar is investing heavily in fuel and energy-efficiency technology.
Managing director Subba Rao said: “Sanmar has always believed in values before profits, growth with responsibility and a unique chemistry with people and nature, which … sums up our relationship with Maersk.”
Maersk Tankers manages spot pools for tankers of all sizes, from 10,000 dwt up to LR2s.
Owners get access to rate spikes, but with the benefit of an array of safety nets.
“We have had the pleasure of working with Sanmar for many years, during which time we have been focused on finding the right deployment solutions for its vessels,” said Susanne Jensen, global head of partner sales & service at Maersk Tankers.
“We are delighted that Sanmar has once again chosen us as its partner.”
Sanmar has eight product tankers in all, and two ethylene/LPG ships.
Its next biggest vessel is the 100,000-dwt Sanmar Sonnet (built 1997).