Maersk Tankers Orders More MRs from Sungdong

In an emailed statement this morning, Maersk Tankers announced their plans exercise their option to order an additional two medium range product tankers from South Korean shipyard, Sungdong Shipbuilding & Marine Engineering Co. Ltd.  This adds to the four tankers already ordered last November.

Delivery of all vessels is expected in 2016 an 2017.

Morten H. Engelstoft, CEO Maersk Tankers, commented:

“We believe that the product segments have a reasonable chance of returning to attractive rates in the coming years and in order to stay relevant and attractive in these markets, we need to gradually renew our fleet to maintain a suitable average age.”