Principal Maritime Tankers (PMAR)

Recently-formed owner and operator of 12 modern crude oil tankers.

Energy - Oil, Gas & Consumable Fuels

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IPO Data
IPO File Date 04/09/2014
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $100
 
IPO Data
IPO Date
Offer Price
Price Range n/a
Offer Shares (mm) n/a
Deal Size ($mm) $$100
 
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Business Overview
We are a leading provider of international seaborne transportation services for crude oil and petroleum products. As of February 28, 2015, we owned and operated a fleet of 12 modern Suezmax tankers with an aggregate carrying capacity of 1,877,000 DWTs. Our vessels were built at leading shipyards and include three groups of sister ships, which we believe results in improved scheduling flexibility and higher operating efficiency through economies of scale for these ten ships. We believe that our fleet’s average age of approximately five years, which is younger than the average age of approximately nine years for the world crude tanker fleet, makes our fleet attractive to our customers and also reduces operating costs and increases our fleet’s reliability, which improves utilization.
We are a leading provider of international seaborne transportation services for crude oil and petroleum products. As of February 28, 2015, we owned and operated a fleet of 12 modern Suezmax tankers with an aggregate carrying capacity of 1,877,000 DWTs. Our vessels were built at leading...
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Company Data
Headquarters Southport, CT
Founded 2010
Employees
Website www.princimar.com
 

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