The order is part of an ongoing fleet renewal programme in the LR2 segment.
“We are building the LR2s to ensure we have a portfolio of vessels that best fits our customers’ demands. The newbuildings will help us sustain a competitive fleet in a segment that is attractive to customers and owners alike, and to retain a strong market position,” says Søren C. Meyer, Chief Asset Officer at Maersk Tankers.
The contract for the newbuilding programme was signed in a market with competitive asset prices. In May 2018, the company confirmed the order of the first six vessels. The plan is to deliver the ten LR2s from 2020 - 2022. The vessels will come under Maersk Tankers’ commercial, technical and corporate management.
About Maersk Product Tankers
Maersk Product Tankers is a leading player in the product tanker industry, owning more than 80 vessels, which carry refined oil products worldwide for customers. The company is owned by A.P. Møller Holding A/S and Mitsui & Co. Ltd., and has its headquarters in Copenhagen, Denmark.