Heidmar is a Greece-based maritime management company that commercially and technically manages tanker and dry-bulk vessels on behalf of third-party ship owners. Heidmar's core business is its tanker pool system, in which independent vessel owners contribute ships to pools grouped by vessel class — the Dorado Pool (MR tankers), Blue Fin Pool (Suezmax tankers), and SeaLion Pool (Aframax and LR2 tankers). Heidmar handles commercial operations across the pooled fleet, finding cargoes, fixing charters, and optimizing deployment, then distributes pooled earnings back to owners. As of April 2026, Heidmar commercially manages 50 vessels totaling roughly 6.5M dwt. Beyond the pools, Heidmar manages vessels under individual Commercial Management Agreements, earning a commission on gross freight plus a daily administration fee. Through its subsidiary Landbridge Ship Management, Heidmar also provides technical management, covering crewing and vessel operations. Heidmar's business model is primarily fee-based — daily management fees and freight commissions — making it largely asset-light, though the company does take direct market exposure through its proprietary time charter book, where it charters vessels and sub-lets them into its pools. Key charterers include Shell, Vitol, Trafigura, ExxonMobil, and BP. Heidmar's revenue scales with fleet size, charter rates, and vessel utilization. The company has grown its managed fleet from 6 vessels in 2020 to 50 today, with a pipeline of newbuilds from Capital Ship Management scheduled for delivery through 2027.