BMZ Snaps Up Tanker Pair

BMZ Group, a company owned by Turkish President Recep Tayyip Erdoğan’s son Bilal alongside other family members, has added two product tankers to its fleet of five, local media informed.

The two ships, Armada Fair and Türkter 82, are said to be worth a total of USD 36 million and have been chartered to Istanbul-based Palmali Shipping on a 10-year contract.

With the most recent purchase the BMZ’s fleet comprises of five tankers.

The purchase comes just a few months after BMZ Group bought a third tanker Shovket Alekperova also for USD 18 million. The group plans to add ten second-hand product tankers to its fleet and has earmarked around USD 180 million for the purpose.

The switch to second-hand tankers came after BMZ decided to bin its newbuilding program at Turkey’s Yardımcı and Türkter shipyards.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Europort 2017

The 38th edition of Europort will take place from 7-10 November 2017 in Rotterdam Ahoy. Established as one of the world’s leading maritime…

read more >

Mozambique Gas Summit & Exhibition

Mozambique Gas Summit & Exhibition is recognised as the leading strategic meeting for Mozambique’s gas industry. Working in partnership…

read more >

FCCA Cruise Conference & Trade Show

The ​FCCA ​Conference ​is ​a four-day ​event ​designed ​to ​foster ​a ​better ​understanding ​of ​the ​inner ​workings ​of ​the ​cruise…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >