- Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo customers a wider range of services.
- Maersk Tankers and Penfield Marine will offer a variety of solutions meeting the increasing demand on shipowners to deliver attractive returns and cut emissions.
Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo customers a wider range of services. The combined company will manage around 240 vessels, including approximately 45 vessels owned by affiliated companies, reports A.P. Moller.
Maersk Tankers and Penfield Marine merger
Together, Maersk Tankers and Penfield Marine will leverage their complementary capabilities to offer a variety of solutions meeting the increasing demand on shipowners to deliver attractive returns and cut emissions. Cargo customers will get access to a broader service range to cover their transportation needs within more segments.
Penfield and Maersk Tankers’ operations will continue with no changes to regional presence to ensure a seamless integration for employees, pool partners and customers.
The combined company will operate under the Maersk Tankers name and brand and will be headquartered in Copenhagen, Denmark. Tina Revsbech will be the CEO. Tim Brennan will join the management team as CCO, while Eric Haughn will retain his current role.
The transaction closed on January 2, 2024. The price and terms of the transaction will not be disclosed.
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Source: A.P. Moller
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