Clipper Projects Heads New Multi-Purpose Pool

Clipper Projects announced the creation of a new multi-purpose (MPP) pool, which will form an integrated part of the current Clipper Projects MPP fleet.

The founding members of the pool are:

• Enzian Ship Management of Zurich, Switzerland
• Freese Shipping of Stade, Germany
• Clipper Projects of Copenhagen, Denmark

The new pool will initially comprise 14 x 15-20,000 dwt MPP vessels, but it is the clear intention of the members to expand the pool with more members and tonnage ranging from 10-20,000 dwt. The pool will be managed by Clipper Projects and will supplement the existing Clipper Projects fleet now numbering 45 modern multi-purpose vessels.

“The new pool will enable us to offer unique services to the market in terms of availability and quality. We firmly believe that the key to success is that we tailor-make our services to our customers’ requirements, instead of the other way around, and the flexibility we are able to offer with the larger fleet will be quite difficult to match,” says Kristian Morch, Partner and CEO of Clipper Projects, and continues: “The creation of this pool is in line with Clipper Projects’ strategy to participate in the consolidation of the multi-purpose market, and we believe that the pool will form a solid platform for further growth.”

Kai Freese, Director of Freese Shipping, is excited about the pool membership with Clipper and Enzian “All the members are, like us, focused on quality and reliability,” he says. “And the new multipurpose pool is definitely the right home for our vessels, as it will enable us to take part in the further consolidation in the industry, while providing optimal services to our customer.”

Tim Schnoor of Enzian says that “it has always been the company’s aim to work only with a number of market players and to capitalize on opportunities as and when they arise. The relationship with Clipper dates back more than a decade and this pool membership is a clear sign of the mutual trust existing between the members. Therefore, we see this pooling of resources as a natural outcome and as an important step towards enhancing the pool’s strategic capabilities for the benefit of both customers and members.”

[mappress]

Clipper, November 15, 2012