Maersk Tankers has confirmed an order for six LR2 newbuildings with China’s Dalian Shipyard, exercising six of ten options it has at the yard.
“The current market makes the investment attractive because it offers competitive asset prices. The fleet renewal will help to sustain a competitive fleet that is meeting customers’ demands and retain a strong market position in the LR2 segment,” the company said in a statement.
The six vessels will be delivered over a period of two years commencing 2020.
Soren Meyer, chief strategy officer at Maersk Tankers, commented: “Once delivered, the vessels will be under Maersk Tankers’ commercial, technical and corporate management. This increases the scale of the fleet we manage and provides vessel data, contributing to our strategy of delivering industry-leading commercial performance.”
Maersk Tankers was sold by A.P. Møller – Mærsk last year to APMH Invest, a subsidiary of A.P. Moller Holding, the family investment vehicle of the Mollers, for $1.17bn. It has a fleet of 161 product tanker vessels, of which 80 are owned.