As industrial society became ever more dependent on stable oil supplies, the demand for tanker vessels increased. Aware of a new business opportunity, Mr. A.P. Møller established Maersk Tankers, with the company taking delivery of its first five tankers in 1928.
For many years, transporting crude oil in ever-larger vessels was our main service. The first product tankers were delivered in 1965 and transport of gas began in 1972. At the same time, larger supertankers were ordered; the largest, a series of Ultra Large Crude Carriers (ULCC) with a capacity of nearly 340.000 tonnes, were delivered from Odense Steel Shipyard from 1975-1977.
Maersk Tankers has been a leader in safety at sea, which was demonstrated by the introduction of the world’s first double-hulled supertanker in 1993.
The fleet of VLCCs was divested in 2014 and the last Liquefied Petroleum Gas carrier was sold in 2013, as Maersk Tankers focused its business on product tankers.
In 2016, the Board of Directors of A.P. Møller – Mærsk A/S announced that Maersk Tankers was to become an independent company.
On 20 September 2017, it was announced that Maersk Tankers will be acquired by APMH Invest A/S, a subsidiary of A.P. Møller Holding A/S. The transaction was closed on 10 October 2017.
In 2019, the company launched the Shaping the Future strategy as its new business strategy. Shaping the Future is aimed at positioning Maersk Tankers as an industry leader by delivering attractive returns to shareholders and partners and reducing the company’s CO2 emissions by 30%, while driving best practice across the industry.
In 2020, Maersk Tankers launches a new digital business in acceleration with its strategy to reduce CO2 emissions and optimise vessels’ earnings across the tramp shipping industry.