Former Heidmar chief executive Ben Ognibene has re-emerged at the helm of his own commercial-management operation in the crude sector.

Ognibene told TradeWinds he is forming Concord Maritime in partnership with American Working Capital (AWC), a Chicago-based provider of private funding that is making its debut in the shipping sector.

Concord will be based in Fairfield County and focus on the aframax, suezmax and VLCC segments, all areas of experience for Ognibene during his 13 years at Norwalk, Connecticut-based Heidmar.