Penfield Marine's next focus is on building a suezmax presence

And then there were suezmaxes.

Penfield Marine executives Tim Brennan and Eric Haughn have found a new front for expansion, telling TradeWinds that the shipmanager is laying the groundwork to take in the larger tankers.

“We’re gearing up to add suezmaxes, probably the same as in panamaxes and aframaxes, where we charter in ships first and then go from there,” company chief executive Brennan said.