Nasdaq-listed Heidmar Maritime Holdings Corp. has expanded its presence in the crude tanker sector with five vessel additions to its commercially managed fleet.

The Pankaj Khanna-led company said on Tuesday (May 19) that it is adding to fleet one eco-design newbuilding suezmax tanker built in 2026, two suezmax tankers built in 2009 and 2013 respectively, one VLCC tanker built in 2006, and one MR1 built in 2006.

The fleet additions come at a pivotal and highly favorable moment for the crude tanker sector.

According to the company, the closure of the Strait of Hormuz following events in late February triggered unprecedented dislocation in crude tanker markets that drove VLCC earnings to a record $423,736 per day in early March before normalizing as trade flows adjusted.

Although rates have since moderated, Heidmar said one-year time charter rates for VLCCs remain at approximately $100,000 per day, while suezmax one-year fixtures have recently concluded around $75,000 per day.

With demand growth in the mid-size crude tanker segment outpacing the broader market in early 2026, charterers are increasingly favouring modern, fuel-efficient vessels, the company added.

Pankaj Khanna, Heidmar’s chief executive officer, said: “These five additions strengthen our commercial platform and broaden our exposure to a crude tanker market that remains exceptionally strong.

“The 2026 eco-design suezmax newbuilding, in particular, positions Heidmar to meet evolving charterer requirements and capitalize on today’s favorable fundamentals. Together, these additions reinforce our focus on disciplined growth, fleet modernization, and long-term value for our stakeholders.”