Heidmar, TBS Form Dry Bulk Pool Alliance

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.