Maersk Tankers to Wind Down Customer Agreements in Iran

COPENHAGEN, May 16 (Reuters) - Danish oil product tanker operator Maersk Tankers said on Wednesday it would wind down its customer agreements in Iran by November following new U.S. sanctions on Tehran. "We will perform customer agreements entered into before May 8 and ensure that they are wound down by November 4, as required by the re-imposed U.S. sanctions," the company … [Read more...]

Maersk Tankers Confirms Order for Six Newbuilds in China

Maersk Tankers has place an order for six tanker newbuildings in China, kicking off a newbuild program that could grow to include more vessels. Maersk Product Tankers’ board of directors has approved the order of six of ten LR2 newbuildings that are on contract with Dalian Shipyard. The plan is to deliver the six vessels over a period of two years with the first vessels … [Read more...]

A.P. Moller – Maersk Sells Tanker Unit to Maersk Family Fund for $1.17 Billion

Danish conglomerate A.P. Moller - Maersk (Maersk Group) has signed a deal to sell its Maersk Tankers unit to a subsidiary of A.P. Moller Holding for $1.17 billion in cash. A.P. Moller Holding, the controlling shareholder of Maersk Group, is a wholly-owned fund established by the founder of A.P. Moller-Maersk. It will take ownership of Maersk Tankers through its subsidiary … [Read more...]

Maersk Tankers Invests in Tech Hedge Fund CargoMetrics

COPENHAGEN, Aug 23 (Reuters) - Maersk Tankers said on Wednesday it has entered into an equity agreement with U.S. hedge fund CargoMetrics, giving it access to analytical models and algorithms to better manage its tanker operations. Maersk Tankers, a unit of shipping group A.P. Moller-Maersk , has invested a "significant" but undisclosed amount in the Boston-based hedge fund, … [Read more...]

Maersk Tankers Christens Two Medium Range Newbuilds in South Korea

Maersk Tankers on Friday christened two more medium range newbuilds at the Sungdong Shipyard in Tongyong, South Korea as part of the company's fleet renewal program. Both vessels, Maersk Teesport and Maersk Tianjing, are 50,000 DWT Medium Range (MR) and join their sister ship Maersk Tangier, which was delivered in February. In 2015 Maersk Tankers took delivery of the … [Read more...]