New York: Heidmar and TBS Ocean have announced that they are joining forces to form a dry bulk pool alliance.
Under the new venture TBS will continue as manager of a series of dry bulk pools, while Heidmar will provide its pool expertise, best practices, and proprietary commercial ship management software.
Ben Ognibene, ceo of Heidmar commented, “For some time Heidmar has explored expansion into the dry bulk market. Before entering this segment, we wanted to ensure our clients would receive the superior market returns, transparency, and integrity that they know and expect from Heidmar. TBS, with its global footprint, extensive cargo relationships, proprietary trading business and its 22-year history of exceptional and consistent dry bulk outperformance is the ideal partner to expand our product offering.”
Gregg McNelis, ceo of TBS added, “We are confident that our pools will continue to outperform the market. That said, we firmly believe that our pool members deserve not only premium returns, but also the first-class transparency and integrity which are synonymous with Heidmar. Heidmar’s unparalleled systems, best practices, and reputation are the perfect complement to our platform.”
TBS pools control a fleet of 20 vessels while looking to add new tonnage, having recently added a supramax from Mitsubishi Corp. of Japan.