April 23, 2009
Effective January 1, 2009, Frontline placed its spot Suezmax vessels within the Gemini Pool, a Suezmax tanker pool serving customers in regions around the world.
This brings the total number of pooled vessels to 36. In addition to Frontline and Teekay, König & Cie and Hyundai Merchant Marine are also Gemini Pool partners.
“Teekay and the other members of the Gemini Pool are pleased to have welcomed Frontline as a new partner,” says Bjorn Moller, President and CEO of Teekay Corporation. “Combining our respective Suezmax fleets enables us to better meet the needs of customers through a large, homogeneous modern fleet, and be more responsive to customer requirements with the addition of a European office in Oslo.”
Teekay gained 100 percent ownership of Gemini Tankers LLC, which operates the Gemini Pool, through its joint acquisition of OMI Corporation in June 2007.