Heidmar Maritime Holdings Corp. (NASDAQ: HMR) announced the addition of five vessels to its commercially managed fleet. The expansion includes one eco-design Suezmax tanker built in 2026, two Suezmax tankers from 2009 and 2013, one VLCC tanker from 2006, and one MR1 tanker from 2006.

The additions come during a period of elevated crude tanker rates following the closure of the Strait of Hormuz in late February 2026. VLCC earnings reached $423,736 per day in early March before moderating to current levels where 1-year time charter rates are assessed at approximately $100,000 per day. Suezmax 1-year fixtures are concluding around $75,000 per day.

"These five additions strengthen our commercial platform and broaden our exposure to a crude tanker market that remains exceptionally strong," said Chief Executive Officer Pankaj Khanna in a statement based on the company's press release.

The company cited shifting trade flows driven by Middle East geopolitical risk, elevated crude exports from the Middle East Gulf, and a low orderbook as factors contributing to current market conditions. The 2026 eco-design Suezmax newbuilding represents the company's focus on fuel-efficient vessels to meet environmental compliance requirements.

Heidmar operates as a commercial and pool management business for crude and product tankers, with offices in Athens, London, Singapore, Chennai, and Hong Kong. The Athens-based company provides maritime services in the crude oil and refined petroleum products sectors.