Maersk Tankers takes over management of 11 ICBC tankers for BP

Maersk Tankers takes over management of 11 ICBC tankers for BP

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.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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3 Comments

  1. Avatar
    Sefakor Herpzibah Racheal
    November 24, 2019 at 3:40 am

    Congratulations to Maersk tankers wishing them well hope the remember Africa precisely meridian port service in Tema Ghana (West Africa) for greater cooperation and economic growth.

  2. Avatar
    David crawford mi marest x chief engineer
    November 24, 2019 at 11:59 pm

    No mention here of the reduced wages to be paid to the third world crews and are any Danes left in the company ?

  3. Avatar
    Anna Popova
    November 25, 2019 at 8:09 am

    Replying to the comment above, — diversity is good, quoting “Despina Panayiotou Theodosiou, CEO of Tototheo Maritime and president of WISTA, argues TODAY that a changing world, with changing technology, demands a changing maritime workforce. Companies overlooking key groups of talent — based on gender, culture or ethnicity — will fail to evolve and adapt to the new reality. ” – question is, — do you want Maersk to fail, or may be it should just stay a global company and employ people based on talent, not ethnicity?