Maersk Tankers sells off vessels

The BW Group has bought Maersk Tankers’ five owned vessels and taken 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 commented: “This transaction supports our strategy to focus on fewer segments.” The sale is subject to approval by competition authorities. The parties have agreed not to disclose the terms and conditions of the sale. 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