May 17, 2020

Maersk Tankers sells fleet to BW Group

Maersk
Tankers
VLGC
Gas
Freddie Pierce
1 min
Maersk will sell five owned vessels
Maersk Tankers has announced an exit from its Very Large Gas Container (VLGC) segment this week, selling its tanker fleet to the leading maritime and t...

Maersk Tankers has announced an exit from its Very Large Gas Container (VLGC) segment this week, selling its tanker fleet to the leading maritime and tanker company BW Group.

The BW Group will purchase five owned vessels from Maersk Tankers and takes over the five existing time charter commitments. The divestment is part of Maersk Tankers strategy to focus on fewer segments.

Hanne B. Sørensen, CEO Maersk Tankers: “This transaction supports our strategy to focus on fewer segments. I am confident that BW will deliver the same first-rate service to our customers as we have.”

Andreas Sohmen-Pao, CEO BW Group, says: “Maersk Tankers has a fleet of high quality vessels and BW is pleased to be acquiring this fleet. With this purchase, we will be able to deliver even more flexible service to our customers, providing ready access to vessels in all regions at all times.”

Maersk Tankers employs more than 4000 people offshore and onshore. The company now operates in the crude and product segments and manages a fleet of more than 200 vessels.

The BW Group operates a fleet of 93 owned, part-owned or controlled vessels in the tanker, gas and offshore segments.

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