Maersk Tankers is set to increase its managed fleet by 11 tankers
Maersk Tankers is set to add 11 tanker vessels to the fleet under its management, following an agreement with BP Shipping (BP) and ICBC Financial Leasing Co., Ltd (ICBC), the company said in its release. Under the terms of the agreement, Maersk Tankers will take each vessel from the owner under a bareboat charter arrangement, which it will then hire out to BP under a time charter deal for a period of three years. Therefore, Maersk Tankers will assume full responsibility for operational risks and the technical management of the vessels.
The agreement involves three Suezmax, three MR and five Handy-sized vessels, all built in Korea between 2016 and 2017.
Maersk Tankers has over nine decades of experience in commercial and technical vessel management.
Maersk Tankers expects to take delivery of the first vessels in early 2020, with the remaining ones to be delivered throughout the year.
About Maersk Tankers
Maersk Tankers is a leading player in the product tanker industry, operating one of the largest fleets of vessels and employs 3,000 employees worldwide. Established in 1928, Maersk Tankers has nine decades of experience and expertise in commercial and technical vessel management.