MAERSK Tankers has acquired Penfield Marine, a US-based pool operator.
The combined company is to manage about 240 vessels, including about 45 vessels owned by affiliated companies.
Maersk Tankers CEO Tina Revsbech, said Penfield Marine has over the years built a solid position and presence in the industry.
“Our combined commercial and operational expertise will allow us to grow our presence as a commercial manager and extend our service offerings within performance optimisation and decarbonisation to a broader segment of customers and pool partners,” Ms Revsbech said.
Penfield Marine CEO Tim Brennan said: “Joining Maersk Tankers offers Penfield the opportunity to be part of an unmatched tanker pooling business with excellent long-term growth prospects. It also allows us to extend Maersk Tankers’ offerings within decarbonisation to our pool partners. Our complementary businesses will enable us to deliver diversified services and substantial value for our customers, pool partners and employees”.
Penfield and Maersk Tankers’ operations will continue with no changes to regional presence to ensure a seamless integration for employees, pool partners and customers.
The combined company will operate under the Maersk Tankers name and brand and will be headquartered in Copenhagen, Denmark.
Ms Revsbech will be the CEO. Mr Brennan will join the management team as CCO, while Penfield Marine chief operating officer Eric Haughn will retain his current role.
The transaction closed on January 2 and the companies will not disclose the price.
