US maritime finance firm FDX Offshore, backed former GE Capital chairman Denis Nayden, has acquired Singapore-based pool operator Womar Logistics.
The partnership intends to both expand Womar’s current chemical tanker pools as well as initiate and grow independent pools in other classes of ships.
“Womar has had a long and very successful relationship with BW Group. BW has recently sold its chemical tanker fleet, and this transaction is a logical progression for Womar to grow as the best chemical pool operator under new ownership,” said Hans van der Zijde, CEO of Womar.
“We have already been having discussions with many shipowners who are excited about what we have to offer as an independent operator and with FDX’s expertise and resources. We look forward to continuing those discussions as well as engaging in new ones now that the news is out,” van der Zijde added.
The Womar pool currently comprises of 29 tankers according to VesselsValue.
“We believe FDX’s financial expertise combined with Womar’s excellence in pool management will allow us to expand the services provided to pool members, enhance their profitability and help pool members manage and grow their individual fleets,” said Jake Scott, managing partner of FDX.
Incorporated in early 2009, Womar began as a 50/50 joint venture between Heidmar and other investors. In April 2014, BW Group acquired Heidmar’s 50% stake in Womar.