Tankers
International
Pioneers of
VLCC Pooling
Τ ankers International was the first company to pool together Very Large Crude Carriers (VLCC). This created the largest fleet of modern crude carriers in the World. The Pool commenced operation in 2000 and has successfully managed and operated a world leading VLCC fleet ever since. The Pool has built a reputation for professionalism, trustworthiness, flexibility and service. We believe that commitment, communication and creativity are fundamental to the Pool’s success. Our participants share a belief in the “Pool” concept with its emphasis on cooperation, transparency and timely reporting. Owners in our Pool benefit from the experience of the strong independent commercial team which works to utilise vessels to best advantage. Creative scheduling solutions, bespoke IT systems and motivated professional employees at all levels guarantee top quality service to our customers and competitive returns to the Pool.
The Pool welcomes both ship owners with large VLCC fleets as well as those with just a single vessel that are seeking excellent commercial management of their assets. All our participants have proven high standards of ship management and top-quality vessels that meet the essential safety requirements set for membership. The Pool trades all vessels on an equal basis and participating owners share all revenues earned based on a fair and transparent Pool Pointing system.
The vessels in the Tankers International Pool are being traded from our commercial offices in London and in New York and we also have a post-fixture operational office in Singapore to ensure global support to our owners and to our customers.
History
The Tankers International VLCC Pool was created in 2000 to provide a premium shipping service to customers and Participants. Working closely with all stakeholders we deliver crude oil safely and efficiently for the global energy industry. Tankers International was the first company to pool together ships at a scale that created the largest fleet of modern VLCCs in the World and has since been successful in this strategy.
TI Pool commences operation and reaches a fleet size of 51 ships
2000
4 ULCCs (3 million barrel vessels) start trading in the Pool
2004The last single hull tanker leaves the Pool
2006The Pool starts using AIS feed to track the movements of the World fleet
2006VLCC earnings peak at close to USD 150,000 per day
2008The fleet is enrolled in the Swedish Meteorological and Hydrological Institute (SMHI), for weather routing and performance monitoring
2009The Pool initiates a separate pool for vessels ages 15 years or older, although all vessels continue to trade under the same overarching commercial umbrella
2012TI launches an in-house developed fixture app providing up-to-date fixture information
2013TI and Frontline form a new partnership VLCC Chartering Ltd
2014A new influx of vessels following the Euronav / Gener8 merger. The fleet reaches 66 vessels
2018TI and Frontline mutually agree to dissolve VLCC Chartering Ltd
2018The Pool expands its presence globally with new offices in Singapore and New York
2019The company launches a Scrubber Pool to welcome Owners with these systems installed on their ships
2019More than 85,000 individual VLCC voyages recorded in our database dating back to 1997
2019Strategy
We strive to achieve the highest standards
As the world’s leading provider of modern, independent VLCC tonnage the Tankers International Pool has built a reputation for professionalism, trustworthiness, flexibility and service. We believe that commitment to safety, clear communication, creative solutions and transparency are fundamental to the Pool’s success. This strategy is delivered by strong, experienced, independent commercial and post-fixture teams which work to utilise all the Pool vessels to best advantage. Creative scheduling solutions, bespoke IT systems and motivated professional employees at all levels guarantee top quality service to our customers and competitive financial returns to Owners in the Pool.
We endeavour to achieve the highest standards within all areas of our business. We aim to evolve beyond the expectations of our clients, and in so doing remain a premier operator in the crude oil transportation industry.