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Mjolner Suezmax the first crude oil tanker to transit the expanded Panama Canal

Mjolner Suezmax the first crude oil tanker to transit the expanded Panama Canal

Mjolner Shipping (“Mjolner”) is pleased to announce that MT Aegean Unity, a Suezmax tanker built in 2016 under Mjolner’s commercial management, has completed a transit of the Panama Canal. Aegean Unity is the first crude oil tanker to transit the new locks in the expanded canal. “Working with trading partners Core Petroleum and Statoil, the vessel’s technical managers, and the Canal authorities, our team expertly planned the first of what is expected to be many transits of the new locks for our fleet,” said Mjolner’s president and CEO, Kevin Wise, “as oil majors and traders make sense of the opportunities that the expanded canal can bring we expect to see more demand to move crude oil cargoes in both directions.”

About Mjolner Shipping: 

Mjolner Shipping is a commercial manager of oil tanker vessels. Its current fleet numbers 15 crude oil vessels, ranging in size from Panamax (75,000 metric tons deadweight) to VLCC (300,000 metric tons deadweight). The vessels trade world-wide, carrying cargo for oil majors and traders, with a focus on the Americas. Mjolner is based in Jersey City, NJ, USA.

Mjølner CEO steps down

Kevin Wise has emerged as the new president and chief executive of Mjølner Shipping, a tanker operator based in the US.

Robert Lyons, who has headed the company since its inception, will assume the role of board chairman when Wise steps up to the plate.

In a statement the outgoing incumbent said his replacement has been “the driving force” behind the growth of Mjølner in recent years.

“Under his leadership, Mjølner will continue to chart its own course while enhancing and expanding its offered services,” he added.

In addition to Wise’s appointment the company also noted that vice president Jonathan Jackson has been promoted to the position of chief commercial officer.

Mjølner poached Wise from Overseas Shipholding Group (OSG) in 2013. Since then he has served as president and chief operating officer.

Mjølner is based in New Jersey where it oversees 17 tankers. The stable includes VLCCs, Suezmaxes, Aframaxes and Panamaxes that typically trade in the Pacific Basin.