Maersk Product Tankers completes sale of 14 vessels

The sale of the 14 vessels stipulates that nine of the vessels will be bareboat chartered back to Maersk Product Tankers. All 14 vessels will remain under the commercial and technical management of Maersk Tankers.

“The sale 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,” said Maersk Tankers chief investment officer Claus Gronborg.

“We are pleased 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 manages more than 220 vessels and is looking to grow further. 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 to optimise the utilisation of the fleet, which can contribute to lower CO₂ emissions and higher earnings for pool partners.

The new investors in the pool include E4C Shipping, an investment division of the famous Danish ECCO shoe brand.

The 14 vessels will be delivered to CDBL during the coming months.

Maersk Product Tankers is owned by AP Møller Holding A/S and Mitsui & Co Ltd, and has its headquarters in Copenhagen, Denmark. Maersk Tankers’ transition from owner/operator to service provider is being driven by the company’s new chief operating officer, Eva Birgitte Bisgaard.