Analysts: Sale of Broström vessels costly for Maersk

A complete or partial sale of Broström will mean that the purchase of the Swedish carrier 2008 has proved a remarkably bad business deal for Maersk Tankers. A sale will occur at a time in which prices hit rock bottom, analysts say.

On paper, the Maersk Tanker plan of selling 13 small vessels from the Swedish carrier Broström and considerations of further sales looks to be a difficult and costly task, several analysts say.

“Product tanker is a difficult business area which a few years ago looked to be a successful story as there is a need for a lot of refined products and because most Western companies have no interest in having refineries. Then, the crisis set in and it seems that the market has never returned to previous heights. And it is a market in which it is difficult to sell ships as the number of potential buyers is limited. Most of the actors are suffering”," share analyst from the finance house ABG Sundal Collier, Lars Heindorff, tells ShippingWatch.

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