Craig Stevenson (Left) and also Jan Rindbo
Greenwich, Conn., based Diamond SShipping Inc (NYSE: DSSI) and also Hellerup, Denmark based Norden A/S (CPH: DNORD) have actually created a calculated collaboration called DiaNor. It combines 2 of the globe’s biggest item vessel drivers to assist in the industrial combination of the field.
Diamond S will at first add 28 average array (MR2) item vessels to the venture, which will certainly be marketed and also run with theNorient Product Pool Diamond S additionally plans to add its existing internal industrial experience in the item vessel market to NPP swimming pool.
With the payment of the DiaNor ships, the swimming pool will certainly handle roughly 150 vessels and also turn into one of the biggest drivers of tool array (MR) item vessels worldwide.
Craig Stevenson Jr, Chief Executive Officer & & President of Diamond S, commented “We are pleased to further continue the much-needed consolidation of the tanker industry. The DiaNor partnership is an exciting new chapter for Diamond S. We believe it will create substantial value for both our shareholders and our customers. We have worked with Norden and NPP in the past and believe that they represent a state-of-the-art, world-class commercial organization. Adding our considerable capabilities to their extensive network should produce a clear leader in the product tanker space.”
Norden Chief Executive Officer Jan Rindbo stated, “We are delighted to enter this partnership with Diamond S, which will further strengthen our ability to provide efficient global transport solutions to our product tanker customers. Diamond S has been a valued partner of Norden in the past and we look forward to what we can create together in the future.”
“We are convinced that the scale created by the combined fleets as well as the people competencies will create great value to our stakeholders,” states Søren Huscher, Head of Tanker Operator atNorden “The strong values upon which we are both built will be the backbone of our joint efforts.”
The administration of the consolidated fleet of around 90 MR2 item vessels will certainly be taken care of from Norden’s existing workplace places in the UNITED STATE, Singapore and also Denmark and also turn into one of the biggest within the section.
