Shell becomes a strategic partner in the Signal Maritime MR pool

Aug 12 2021


Shell Tankers (Singapore) Private Limited will contribute 10 medium-range product tankers (MRs) to the Signal Maritime MR pool in a partnership that reflects the increasing role that digital technology is playing in global shipping.

In line with the shipping industry’s decarbonisation efforts, Shell and Signal have also agreed to collaborate on carbon emissions reduction initiatives.

 

Shell’s partnership in the MR pool comes after Shell became an early adopter of the Signal Ocean platform in product tankers. The two partners expect digital technology to help improve commercial results through the MR pool structure and other potential synergies.

 

Plans for further expansion of the pool with select partners are in progress, following the initial launch of the pool with vessels from Astra Shipmanagement and Signal. The pool aims to increase its fleet while sustaining high performance and quality of service with global presence.

 

The MR pool has been a natural expansion step for Signal Maritime, following the successful establishment of the company’s Aframax Pool as a top-performing operator. The commercial team leverages its analytical capabilities and expertise along with the powerful Signal Ocean platform to run its tanker pools more efficiently and profitably,while ensuring transparency and flexibility to the pool partners.

 

The two partners have also agreed to investigate further synergies and pooling opportunities in other tanker segments.

 



Related News

CMES Shipping holds meeting on model construction of NEW VISION

(Oct 14 2021)

CMES Shipping held a meeting for summarizing the results of model construction of NEW VISION, and to explore the possibilities in working out and further promoting of the Hailiao Spirit, while making arrangements for the next step.



Synergy Group to take over Maersk Tankers’ technical management business

(Sep 30 2021)

Synergy Marine Pte. Ltd., a subsidiary of Synergy Group, has signed an agreement to take over Maersk Tankers’ technical management business.



Synergy Group appoints Martin Ackermann as CCO

(Sep 30 2021)

Synergy Group, one of the world’s leading ship managers, has appointed Mr Martin Ackermann as Chief Commercial Officer.



Svanehøj acquires Wärtsilä Tank Control Systems

(Sep 21 2021)

With its second acquisition in less than a year, Svanehøj expands its OEM activities and adds new skills to its rapidly growing service department for gas tankers.



Zvezda hands over first Aframax-type tanker

(Sep 09 2021)

The first Russian Aframax-type oil tanker – Vladimir Monomakh - was handed over to the customer, Rosnefteflot.



Aug-Sept 2021

Sea Cargo Charter - ship recycling - CO2 from tank cleaning - fixing damaged propeller blades