Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics.
By combining their expertise, the duo wants to build “the best independent pool operator in the shipping industry. ”
Anchored in Womar’s current chemical tanker pools, the partnership intends to both expand its 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,” Hans van der Zijde, Womar CEO, commented.
“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,” he added.
FDX is led by Managing Partner Jake Scott and Partner Andy Tuchman who will become Womar board members. Formed in 2013, FDX has been providing financial advice and capital sourcing to maritime and energy projects.
“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,” Jake Scott from FDX Offshore said.
Womar added that its entire team will remain in place and provide an ownership transition.