The surprise entry of Greek shipowner Evangelos Marinakis' Capital Ship Management into a joint venture with pools operator Heidmar might be better described as a return or reunion.

Some with longer memories in the tanker market will recall that Marinakis and Capital were early members of Heidmar's flagship Star Tankers pool for panamax tonnage in the early 2000s, when the outfit was still based in Connecticut under the ownership of founder Per Heidenreich.

And while the Heidmar name is the same, it is certainly a different outfit these days as it is being rebuilt from a base in Greece under the leadership of Pankaj Khanna, with only a few holdovers from the previous Heidmar staff.