Connecticut-based commercial manager Penfield Marine has taken a big step in building its fledgling suezmax pool by taking in two newbuildings from Cosco Shipping Energy Transportation (CSET).
Norway's Bergshav is putting two of its three aframax tankers into a Penfield Marine pool: the 115,000-dwt Berica (built 2008) and Bergina (built 2007).
As venerable pools operator Heidmar Inc closes its doors, Connecticut will remain a hot spot for tanker commercial management and pools thanks to two offshoots run by former Heidmar bosses.
Penfield Marine is not a German company — its headquarters are in Fairfield, Connecticut — but the tanker operator has been staging its own version of Munich's Oktoberfest.
Connecticut firm finds larger home while branching out into Singapore and expanding management footprint.
Penfield Marine has found a new front for expansion, telling TradeWinds that the shipmanager is laying the groundwork to take in the larger tankers by gearing up to add suezmaxes.