Germany’s Jacob Shipping appears to have brought the shutters down on its panamax tanker pool by placing its four remaining LR1 ships with Navig8.

The London headquartered firm has taken over the 66,999-dwt Cordula Jacob and 75,571-dwt Till Jacob (both built 2012), as well as the 75,599-dwt Konstantin Jacob and Georg Jacob (both built 2011).