Sweden: Maersk Tankers Sells VLGC Fleet to BW Group

Maersk Tankers exits its VLGC segment by selling the fleet to the BW Group. The BW Group buys Maersk Tankers five owned vessels and takes over the five existing time charter commitments.

The divestment is part of Maersk Tankers strategy to focus on fewer segments.

Hanne B. Sørensen, CEO Maersk Tankers: “This transaction supports our strategy to focus on fewer segments. I am confident that BW will deliver the same first-rate service to our customers as we have.”

Andreas Sohmen-Pao, CEO BW Group, says: “Maersk Tankers has a fleet of high quality vessels and BW is pleased to be acquiring this fleet. With this purchase, we will be able to deliver even more flexible service to our customers, providing ready access to vessels in all regions at all times.”

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LNG World News Staff, May 30, 2013; Image: Maersk