Nordic Shipholding is set to withdraw its five MR tankers from the Maersk-run Handytankers Pool, it emerged Wednesday.

“The board believes that pool earnings can be optimized by being a member of a smaller and more focused pool as the company will have a greater influence on the way the pool is operated,” it said.

The first vessel is expected to be redelivered to the group on or around 25 May 2016 with the remaining four vessels redelivered within 90 days.

Nordic