In 2007, Jacob Tankschiffahrtsgesellschaft established the Jacob Panamax Tanker Pool (JPTP). Initially with five Panamax/LR1 tankers, the fleet was soon expanded. At times, as many as 12 tankers were in operation.

The tanker fleet is used in the clean and drity product trade. The JPTP ships are primarily used as part of charter journeys on the spot market.

The pool is currently idle.