COPENHAGEN, Jan 2 (Reuters) – Belgian crude oil shipping group Euronav is expected to buy 15 very large crude carriers (VLCCs) from Denmark’s Maersk Tankers, a unit of A.P. Moller-Maersk, shipping newspaper Lloyd’s List reported on Thursday.
An announcement had been expected from Euronav since its shares were suspended from trading on Monday afternoon pending a statement.
Maersk Tankers had not officially put the VLCC fleet up for sale, but the company said in November it will focus on the smaller product tanker segment.
At that time the company placed an order for four medium range (MR) vessels with an option for a further two with South Korean shipyard Sungdong Shipbuilding & Marine Engineering.
“It sounds very sensible to focus the business on the product tanker segment and it fits well with the group’s overall strategy,” shipping analyst Jesper Christensen from Alm. Brand Markets said.
According to Lloyd’s List, tanker operator General Maritime Corp had also been working to raise the capital necessary for the deal, said to be worth close to $1 billion, but that effort stalled during the autumn.
In addition to owning 15 very large carrier vessels, Maersk Tankers controls six chartered vessels.
Both Maersk Tankers and Euronav declined comment. Trading in Euronav shares on Euronext in Brussels is still suspended. (Reporting by Ole Mikkelsen and Robert-Jan Bartunek; Editing by David Holmes)
Ocean Network Express (ONE) has announced the successful delivery of their first-ever 24,000-TEU class “Megamax” vessel. The vessel, named ONE Innovation, was constructed at Japan Marine United Corporation’s Kure Shipyard...
The National Retail Federation, the world’s largest retail trade association, released a statement on Monday urging the Biden Administration to intervene in strained labor negotiations at West Coast ports. The...
By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA, June 4 (Reuters) – Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal...
3 hours ago
Total Views: 212
Sign Up Now for gCaptain Daily
Just enter your email and get hot news every morning
Let gCaptain be your compass for maritime news
The news that you need delivered every morning.
Sign Up Now for gCaptain Daily
We’ve got your daily industry news related to the global maritime and offshore industries.
OUT AT SEA?
We’ve got you covered with trusted maritime and offshore news from wherever you are.
OUT AT SEA?
We’ve got you covered with trusted maritime and offshore news from wherever you are.
We use cookies on our website to give you the most relevant experience. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
{"Tags":[],"Categories":[],"Excerpt":"Belgian crude oil shipping group Euronav is expected to buy 15 very large crude carriers (VLCCs) from Denmark's Maersk Tankers, a unit of A.P. Moller-Maersk, shipping newspaper Lloyd's List reported on Thursday."}