Singapore-headquartered tanker pool manager Womar Logistics has been taken over by finance player FDX Offshore.

The companies couched the deal as a way to expand Womar beyond its chemical tanker focus.

“The purpose of the Womar/FDX Offshore relationship is to build the best independent pool operator in the shipping industry,” Womar said in a press release.

“Anchored in Womar’s current chemical tanker pools, the partnership intends to both expand its chemical tanker pools as well as initiate and grow independent pools in other classes of ships.”