Heidmar tanker pools' takeover

Pankaj Khanna is the chief executive and now sole shareholder of Heidmar and commented, “I am pleased to announce the acquisition of Heidmar, a brand that is well known in the industry with a 36-year history in providing Heidmar’s innovative services to the shipping industry. I am excited about the next phase in the redevelopment of Heidmar, which has a well-recognised pedigree, a widespread network and provides a strong platform to leverage off.”

“Since last winter’s joint venture with Signal Maritime on Aframax tankers, we have been quietly rebuilding the pooling and commercial management platform focusing on Suezmaxes, VLCCs and LR2s, and as of today we manage 15 tankers, having recently brought on board a couple of vessels.”

He noted that Heidmar is actively recruiting. “This is a people business and talent is what drives our service so we have also added experienced people in our Singapore and Athens offices recently. We are actively looking for talent and expect to recruit another three to four people in the coming weeks.”

Heidmar is also updating its range of products. Mr Khanna said, “Additionally after considerable investment, we have launched a new version of our much liked eFleetwatch system which continues to be the industry-leading portal for the commercial management and operations of tankers and bulkers.”

Looking ahead, Mr Khanna said, “Now as an independent company, committed to the transparency and commercial capabilities that Heidmar has been known for, we plan to rebuild Heidmar as a focused services company, specialising in the commercial management of tankers. In the long term, the industry faces many challenges ranging from decarbonisation and ESG responsibilities, disparate and stricter regulations, charterer consolidation and a lack of bank financing to name a few. This offers opportunities to expand our service offerings thereby helping our customers in responding to and getting ahead of these challenges.”

Mr Khanna thanked past and current business partners and employees. “Heidmar’s resurgence would not have been possible without our loyal partners and charterers who have trusted us and stood by us through the challenges of 2020 and continue to have faith in what we bring to the table. I would like to express my sincere gratitude to them all. Finally I would like to thank the Heidmar employees who have worked exceptionally hard, kept the faith and brought us to this point. We will rebuild the company together.

It should be noted that with this takeover, the previous shareholder Mr George Economou and any and all of his related parties or affiliates have no interest whatsoever in Heidmar or any related company going forward.

What is the long-term impact of these changes in pool ownership? Find answers from the experts at the Tanker Shipping & Trade conference 16-18 November 2020.

Book now to take part and become familiar with the Swapcard app to maximise your networking opportunities.