Ultratank Information

Ultratank is a one of the 4 divisions of Ultranav. Ultranav itself is the shipping Holding of the ULTRAMAR group, based in Santiago, Chile. Ultratank today bundles the Chilean and international tanker activities (clean, dirty and chemicals) of the group and has enjoyed constant growth over the past two decades but its beginnings date back to the year 1995 when what was then called Ultragas enters into the crude and dirty petroleum products (DPP) segment via the acquisition of the Chilean Shipowner and Operator SONAP (Sociedad Navegación Petrolera) based in Valparaiso, Chile. In the same year the group founded Cape Tankers Inc, an affiliated company of Ultratank specialized in the commercial operation and management of international DPP and Crude Oil carriers. In 2005 Cape Tankers was appointed to manage all commercial and operational activities for Panamax International (PI), a tanker pool which today consists of a joint venture of Overseas Shipholding Group (OSG), Empresa Pública Flota Petrolera Ecuatoriana (EP Flopec) and Ultratank. Initial activities consisted of a fleet of 15 Panamax tankers but has evolved to an operation of more than 30 vessels providing flexible and reliable transportation services to the oil industry. The pool's trading patterns are specialized in the Americas utilizing a modern fleet of double hull vessels. In 2006 another milestone occurred through the formation of the Clean Products International (CPI) pool, effectively another joint venture between OSG and Ultratank operating medium range tankers transporting "clean" petroleum products such as gasoline and diesel oil, mainly within the Americas. Since 2013 Cape Tankers was appointed as the commercial coordinator and Co-Manager for Andes Tankers, a partnership between EP Flopec and Ultratank. The partnership trades a modern fleet of around 8 Aframax Tankers with a strong focus in the Americas. Clean Products Tankers Alliance" (CPTA) was launched in 2014, a pool destined to operate a fleet of around 60 new medium range product tankers. Products Tankers Management Company (PTMC), an affiliated company of Ultratank founded also in 2014 was appointed to commercially manage and operate the IMO3 fleet of CPTA, trading with a strong regional focus on the Americas. The four partners consist of Mitsui OSK Lines (MOL), Asahi Tankers, OSG and Ultratank.