Heidmar chief executive Pankaj Khanna says he has taken full control of the shipmanager and tanker pool operator, which starts a new life with a fleet of about 15 oil carriers.

“I am pleased to announce the acquisition of Heidmar, a brand that is well known in the industry with a 36-year history in providing innovative services to the shipping industry," Khanna said in a statement on Monday.

Heidmar, previously fully controlled by Greek owner George Economou, was believed to be heading towards full shutdown earlier this year.