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Raffles Tankers was incorporated in 2021 with the sole purpose of operating its owned ships, which in the past had been under long-term contracts to oil majors and traders. Over the period the company took over management of various other tonnage under bareboat and time charters to take advantage of freight market volatility. Today the tonnage controlled by us includes LR2s, MRs and parcel chemical tankers. Raffles Tankers has partnered with Heidmar to commercially operate part of the fleet, to take advantage of their global coverage due to their presence across all time zones. Raffles Tankers has partnered with leading ship managers in the industry to technically manage the assets under its control. The ships owned and operated by us are managed by International Tanker Management (ITM) Dubai.
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