Tanker pool operator Heidmar and TBS Ocean Logistics announced that they are joining forces to form a dry bulk pool alliance.
Under the deal, TBS will continue as manager of a series of dry bulk pools, while Heidmar will provide its pool expertise, best practices, and proprietary commercial ship management software.
TBS pools control a fleet of 20 vessels while looking to add new tonnage. Just recently, the company added a Supramax from Mitsubishi Corp. of Japan.
According to Ben Ognibene, CEO of Heidmar, the company has been exploring expansion into the dry bulk market for some time.
” Before entering this segment, we wanted to ensure our clients would receive the superior market returns, transparency, and integrity that they know and expect from Heidmar, ” he said.
“TBS, with its global footprint, extensive cargo relationships, proprietary trading business and its 22-year history of exceptional and consistent dry bulk outperformance is the ideal partner to expand our product offering, ” he added.
“We are confident that our pools will continue to outperform the market. That said we firmly believe that our pool members deserve not only premium returns, but also the first-class transparency and integrity which are synonymous with Heidmar. Heidmar’s unparalleled systems, best practices, and reputation are the perfect complement to our platform,” comments Gregg McNelis, CEO of TBS.