Maersk Tankers is adding 11 tankers to the fleet under its management, in a deal which will see the Danish outfit bareboat charter the 11 vessels from ICBC Financial Leasing and then time charter them to BP.
The 2016 and 2017 Korean-built vessels, made up of three suezmaxes, three MRs and five handysize tankers, had been on charter directly to BP from ICBC.
Under the new arrangement, Maersk Tankers will assume responsibility for the technical management of the vessels.
Soren Meyer, chief asset officer at Maersk Tankers, commented: “We are excited to enter into this agreement and are honoured that two industry leaders have selected us as a trusted partner. With this agreement, we increase our fleet under management to 198 vessels from more than 30 different partners – cementing our strong position within the industry.”
Maersk Tankers is expected to start taking delivery of the first vessels in early 2020. Once all the vessels are delivered, BP will be left with just six tankers on charter direct from ICBC.