UAE-based Safeen Feeders has joined the Stena Sonangol Suezmax Pool
Safeen Feeders is the shipping arm of AD Ports Group and its Suezmax, 2011-built, 158,000-dwt Safeen Elizabeth recently joined the Stena Sonangol pool in Kalundborg, Denmark.
The joint venture between leading tanker shipping company Stena Bulk, and the Angola state-owned oil company Sonangol was established in 2005 and boasts a fleet of 20 Suezmax tankers.
The JV said Safeen’s addition to the pool “further amplifies its collaborative efforts.”
The Stena Sonangol Suezmax Pool operates from Houston in the USA, Gothenburg in Sweden and Singapore, spanning multiple time zones.
Stena Sonangol Suezmax Pool co-pool manager, Johan Jäwert, who also heads Stena Bulk USA, commented, "We are very happy to welcome Safeen Feeders as pool members and look forward to working with them as partners as we develop Stena Sonangol together. Our continued strong performance and global network will mean the addition of Safeen Elizabeth will create value for both Safeen and Stena Sonangol.”
“We restructured the pool in 2020 to be more of an open pool with equal saying for each pool member, and we are now happy to see more pool members joining. With the volatile and strong market we have seen the last couple of years, we believe the pool continues to be the concept to make sure strong and stable earnings are secured throughout the market’s cycles.”
A statement from Safeen Feeders added, “We are pleased to collaborate with all Stena Sonangol Suezmax Pool partners as part of this news today.”
The Pool uses digital technology to advance its aim of reducing its environmental footprint. To that end, the tanker pool uses the Orbit MI platform to plan day-to-day operations, and long-term strategic positioning to improve fleet utilisation and performance.
Safeen Feeders is part of the Maritime & Shipping Cluster at AD Ports Group, the largest diversified provider of logistics, global trade and industry in Abu Dhabi.
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