Samsung and SungDong to Supply Tankers to Maersk

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Maersk Tankers is a subsidiary of Danish firm A.P. Moller-Maersk.  It no longer ships crude oil but will be able to carry refined products such as gasoline and diesel.  But, it has placed an order worth $300 million for nine medium-range tankers from, underlining its commitment to the tanker business.

Maersk tanker’s commitment to remain at the very top of the product tanker industry is clear with this order.  The sale of 15 supertankers, known as Very Large Crude Carriers (VLCCs) to Belgium’s Euronav fuelled speculation that A.P. Moller-Maersk might leave the tanker business altogether.

However, the orders for nine new vessels and eight tankers respectively from Samsung Heavy Industries’ Ningbo shipyard in China and the SungDong shipyard in South Korea last year, puts a stop to such thinking.  The tankers will join the Maersk Tankers fleet during 2017 and 2018.

Maersk Tankers is one of the world’s largest operator of product tankers.having 100 vessels in its fleet.

Source: Reuters

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