Maersk Tankers to purchase six LR2 new builds from Dalian
The board of directors of Danish firm Maersk Tankers has given the go-ahead for the purchase of six LR2 new builds from China's Dalian Shipyard. The move, part of a wider plan to buy 10 LR2 vessels, enables Maersk to meet customer demand with a renewed fleet and maintain its position in the LR2 sector. The ships are set to be operational in 2020, and market conditions will determine whether the option to build the other four is exercised.
Maersk Tankers chief strategy officer Soren Meyer. Credit: Maersk Tankers A/S.

Maersk Tankers is set to purchase six LR2 new buildings from China’s Dalian Shipyard, after the company’s board of directors approved the vessel order that is already under contract with the yard.

The order is part of a deal that includes options for a total of ten LR2 new buildings.

It is expected to enable Maersk Tankers to renew its existing fleet to meet its customers’ demands and maintain a strong market position in the LR2 segment.

According to the company, the latest investment will benefit from the current market as it offers competitive asset prices.

Maersk Tankers chief strategy officer Soren Meyer said: “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.”

“Deliveries of the vessels are expected to be completed over a period of two years, with the first vessels scheduled to enter the fleet in 2020.”

Deliveries of the vessels are expected to be completed over a period of two years, with the first vessels scheduled to enter the fleet in 2020.

Depending upon the market condition, Maersk Tankers plans to exercise the options to order the remaining four vessels.

Maersk Tankers currently operates a total fleet of 161 product tanker vessels across five segments, including Intermediate, Handy, MR, LR2, and Aframax.

Out of its total fleet, the company owns 80, charters 23, and commercially manages 58 vessels.