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SKS partners with Signal to expand its LR2 Pool



The Norwegian LR2 owner and operator SKS is opening up its pool to attract third-party LR2 tankers by leveraging Signal’s technological pool infrastructure and data-driven chartering tools. The new setup, named “SKS LR2 Pool - powered by Signal”, has been launched with SKS’ five LR2 spot vessels, co-owned with funds managed by Hayfin Capital, with the goal to attract additional tonnage.

SKS will be the commercial manager, carrying out chartering, operations and post-fixture. Signal will provide the pool infrastructure, the technological tools and capabilities, acknowledging the increasing importance of technology in the shipping industry. The partnership will enable the SKS LR2 Pool to further improve its leading performance while expanding the LR2 fleet. Additionally, it will demonstrate the same level of flexibility, fairness and technology edge already offered by the Signal Aframax and MR Pools.

Geir Mjelde, CEO of Kristian Gerhard Jebsen Skipsrederi AS, owner of the SKS LR2 Pool, commented “SKS has been a leading player in the LR2 tanker segment for many years. Signal Maritime Services has developed state of the art software for pool management. Together, we will bring a unique offering to owners and operators of LR2 tankers with unrivalled performance and transparency.”

Panos Dimitracopoulos, CEO of Signal Maritime Services, added “We are delighted to support SKS in their journey to become a leading pool in the LR2 tanker segment. We very much look forward to seeing our technological capital, developed and tested in our pools over the years, being exported beyond Signal and supporting established, well-respected commercial operators.”

To learn more about the SKS LR2 Pool, please contact SKS or Signal Maritime Services.

SKS Contact
Ole Petter Lenander - SVP SKS
+65 9633 4232

Signal Group Press Contact
Bill Lines - Navigate PR
+44 (0)7970 730521

About SKS
SKS is a leading owner and commercial manager of product tankers. SKS controls 10x LR2s of 120k DWT, through a JV with funds managed by Hayfin Capital. The 10 SKS vessels have a number of innovative features to ensure safe and efficient transportation of refined petroleum products, including large cubic capacity, six double valve segregations and individual deep well pumps in each cargo tank. The commercial management covers chartering, operations and post-fixture and is located in Bergen and Singapore. Technical management of the fleet is handled by OSM Bergen. SKS is owned by Kristian Gerhard Jebsen Skipsrederi AS, which is owned by the Jebsen family.

About Signal Group
The Signal Group's vision is to make global shipping more efficient, effective and profitable through the application of technology and market experience. Our passion for applied science and technology and understanding of the complex shipping business continues to open up new opportunities.

We achieve success through collaboration, research and investment. In just a few years we have built a huge maritime tech ecosystem by combining cutting-edge data science with deep shipping market experience. The engine which drives our Signal Ocean Platform applies artificial intelligence and algorithms to clients' unstructured data. It provides them with a customised and personalised view of the tanker, dry bulk and container markets. We help shipbrokers, owners and charterers achieve extraordinary performance by taking care of the mundane and computationally complex.

This data-led approach powers our commercial tanker pools, Signal Maritime, enabling our chartering team to outperform its peers. At the same time, we are investing in the future by supporting early-stage technology startups and entrepreneurs in the shipping, logistics and commodities space through Signal Ventures. Our diverse and fast-growing team of product engineers, computer scientists, and commercial shipping professionals is based in Athens, London and Singapore.