Tanker News – Maersk Tankers Sells 14 Product Tankers for $422 Million – December 2020

Maersk Product Tankers has announced an agreement for the sale of 14 product tankers, a portion of which will be bareboat chartered back to the company. The agreement on the sale was reached with China Development Bank Financial Leasing Co., which will purchase the vessels at a total cost of $422 million.

BRITTA MAERSK during ship to ship (sts) operation offshore Malta with tanker PLOUTOS on 23rd July 2010.

Nine of the vessels will be bareboat chartered back to Maersk Product Tankers and all 14 will remain under the commercial and technical management of Maersk Tankers. “The sale that we are announcing today is an important step in our strategy of continually adjusting Maersk Product Tankers’ fleet composition and size to generate attractive financial returns for our owners,” says Claus Gronborg, Chief Investment Officer at Maersk Tankers. “We are pleased that CDBL has entrusted Maersk Tankers to undertake the management of the vessels, and we will harness Maersk Tankers’ digital, commercial and technical expertise to deliver attractive financial returns to CDBL while lowering the vessels’ CO2 footprint.”

Maersk Tankers is currently managing more than 220 vessels and the company says it is still looking to grow. “The growth benefits both pool partners and cargo customers. With more ships available, the company can offer greater flexibility to customers in transporting their cargoes. This also helps optimise the utilisation of the fleet, which can contribute to lower CO2 emissions and higher earnings for pool partners,” Maersk Tankers said in statement. Maersk Tankers did not specify which vessels were included in the sale.

KIRSTEN MAERSK anchored offshore Malta on 15th April, 2012.

Top Images is of MAERSK NOBLE anchored offshore Malta on 19th January, 2009.

Watermarked Photos are by Capt. Lawrence Dalli otherwise stated. Do not use these images without my permission. © All rights reserved. Malta Ship Photos & Action Photos – www.maltashipphotos.com

Published – Thursday 10th December, 2020