Charlie Grey. CEO, Tankers International pool.
Charlie Grey has turn into CEO of VLCC tanker pool operator Tankers International, transferring up from COO and succeeding Jonathan Lee who’s now chairman of the board of administrators. Matt Smith will take up the function of COO and can proceed to concentrate on creating voyage optimization schemes to scale back emissions and enhance efficiency.
“I want to thank Jonathan for the fantastic work he’s delivered over the past 10 years, which has ensured that Tankers International has maintained and grown its market-leading position,” mentioned Grey. “I am honored to be able to take the organization forward, delivering value to the pool partners, expanding our fleet, and continuing to deliver our data-led, analysis-based approach with a human touch; a formula that has served us – and our pool partners – so well.”
As COO, Grey has performed a key function to this point in increasing the Tankers International pool of VLCCs. The pool holds 64 vessels as we speak, its specialist scrubber-equipped pool rising from 17 to 34 vessels in comparison with the beginning of 2022.
Tankers International sees guaranteeing a younger common vessel age within the pool as essential as transport rides the macro-economic waves and has changed outdated and fewer environment friendly vessels with fashionable and vitality pleasant tonnage. The common age of the pool as we speak is youthful than it was initially of 2022. It says that swimming pools have a essential function to play within the protected and clear transportation of crude throughout the globe, particularly in a extremely fragmented VLCC sector. Facing the dual challenges of the vitality transition and rising environmental regulation, swimming pools can enable smaller house owners to collaborate extra successfully and ship a extra environment friendly tanker marketplace for all contributors.
Tankers International was established in 2000 by a gaggle of tanker house owners that included, amongst others, Euronav NV and International Seaways Inc. VLCC house owners who be a part of swimming pools in unstable market circumstances profit from improved cashflow and revenues by means of economies of scale, entry to a wider buyer base, elevated monetary efficiency, fairer constitution celebration phrases, entry to market intelligence and an impartial and clear administration service.
Tankers International says it has “vastly improved” lately, with a singular income sharing methodology and energy in scale, information, and experience serving to to drive revenues for contributors. Recent developments embrace the institution of a brand new non-obligatory local weather compensation voyage program and the continued improvement of the broadly used Tankers International VLCC fixture app.
International Seaways Inc. president and CEO Lois Okay. Zabrocky mentioned: “Since he was appointed as COO, Charlie excelled at meeting the needs of pool partners while navigating the uncertain trends driving the VLCC market. I am personally confident that Charlie is the right person to build on Jonathan’s great work to position Tankers International for the future.”
“As a founding member over 23 years ago, we have sought the best stewardship for the leading VLCC pool,” added Hugo De Stoop, CEO of Euronav NV. “I am confident that under his leadership, along with the support of the management team, Charlie can deliver exceptional value and competitive financial returns for all pool partners.”
Jonathan Lee, outgoing CEO of Tankers International, added: “I believe that we have built something incredible at Tankers International, and I’m very proud to have played my part in building an evolutionary new model for tanker pooling, uniquely positioned to tackle the challenges and maximise the opportunities facing VLCC owners and operators. Since Charlie joined, it has been clear to me that he is the optimal choice to lead Tankers International as it continues to grow and evolve; I look forward to supporting him.”
