Signal Maritime, the Signal Group’s shipping arm, has taken commercial management of MT Silver London, its 10th Shell medium-range (MR) tanker, increasing the pool’s fleet size to 15. The partnership allows Shell to benefit from Signal’s seven year investment in the development of digital technology that underpins a highly effective system for chartering vessels.
The addition of the energy major’s tonnage as well as a cargo contract into a third-party pool is a first for Shell and a milestone for Signal. The deal was concluded following six months of discussions and detailed due diligence. The move has already attracted significant interest from other shipowners looking to leverage Signal’s technology powered platform for their own fleets.
The 10 vessels are; SILVER CAROLYN, SILVERV CINDY, SILVER ELEONOR, SILVER GERTRUDE, SILVER GINNY, SILVER HAGUE, SILVER LONDON, SILVER STACIE, SILVER VALERIE and SILVER ZOE.