Mjolner Shipping Vessel Makes First Tanker Transit of New Panama Canal

JERSEY CITY, New Jersey, Aug. 20, 2016 /PRNewswire/ -- Mjolner Shipping ("Mjolner") is pleased to announce that MT Aegean Unity, a Suezmax tanker built in 2016 under Mjolner's commercial management, has completed a transit of the Panama Canal. Aegean Unity is the first crude oil tanker to transit the new locks in the expanded canal. "Working with trading partners Core Petroleum and Statoil, the vessel's technical managers, and the Canal authorities, our team expertly planned the first of what is expected to be many transits of the new locks for our fleet," said Mjolner's president and CEO, Kevin Wise. "As oil majors and traders make sense of the opportunities that the expanded canal can bring we expect to see more demand to move crude oil cargoes in both directions."

Photo - http://photos.prnewswire.com/prnh/20160819/399649

About Mjolner Shipping: 
Mjolner Shipping is a commercial manager of oil tanker vessels. Its current fleet numbers 15 crude oil vessels, ranging in size from Panamax (75,000 metric tons deadweight) to VLCC (300,000 metric tons deadweight). The vessels trade world-wide, carrying cargo for oil majors and traders, with a focus on the Americas. Mjolner is based in Jersey City, NJ, USA.

CONTACT:  Mjolner Shipping, Jonathan Jackson, +1.201.369.7500, info@mjolnershipping.com