Maersk Tankers Goes for Six LR2 Newbuilds

Maersk Tankers logoImage Courtesy: Maersk Tankers

Danish tanker owner and operator Maersk Tankers is moving forward with the order of six Long Range (LR2) tankers in China, availing of the attractive asset prices.

“Maersk Product Tankers’ board of directors has approved the order of six of ten LR2 newbuildings that are on contract with Dalian Shipyard,” the company confirmed.

The tanker shipping major ascribed the fleet renewal decision to the need to sustain a competitive fleet and retain a strong market position in the LR2 segment.

The six vessels are scheduled for delivery over a period of two years with the first vessels entering the fleet in 2020.

Soren C. Meyer, Chief Strategy Officer at Maersk Tankers, said that once the new ships are delivered, they would be under Maersk Tankers’ commercial, technical and corporate management.

“This increases the scale of the fleet we manage and provides vessel data, contributing to our strategy of delivering industry-leading commercial performance,” he added.

According to Maersk Tankers, the option to order the remaining four vessels remains part of the contract, with the decision dependent on market development.

Maersk Tankers operates 161 product tanker vessels across five segments: Intermediate, Handy, MR, LR2 and Aframax. Of these, Maersk Tankers owns 80, charters 23 and commercially manages 58.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2018 >>
MTWTFSS
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

5th Mozambique Gas Summit & Exhibition

CWC Group in partnership with ENH and with the support and participation from MIREME and INP…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

Offshore Energy Exhibition & Conference (OEEC)

It is unique in bringing together the oil and gas, offshore wind and marine energy industry…

read more >

Seatrade Maritime Middle East

The three days will include a thought-provoking, educational conference programme…

read more >