Norden's Norient Product Pool is set to become one of the world's largest operators of medium-range product tankers through a new partnership with Diamond S Shipping.

Diamond S and Danish owner-operator Norden are consolidating their respective product tanker fleets with the formation of a new venture, DiaNor.

New York-listed Diamond S will initially contribute 28 MR2 tankers to the partnership, which will be marketed and operated through the Norden-owned Norient Product Pool (NPP).