Maersk Tankers to Install Scrubbers on Select LR2 Product Tankers

Maersk Tankers will invest in four scrubber systems to be installed on selected LR2 vessels in the Maersk Product Tanker fleet before January 2020. The scrubbers systems will help Maersk Tanker comply the upcoming IMO sulphur cap regulation, which limit the sulphur content in fuel oil used on board vessels globally to a maximum of 0.50% from the current 3.50% limit January … [Read more...]

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...]