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Media: BW Group close to sale of chemical tanker fleet

Several media report that BW Group is in an advanced stage of negotiations for the sale of its chemical tanker fleet to an Israeli billionaire's tanker pool.

Andreas Sohmen-Pao, CEO i BW Group. | Photo: Danish Maritime Days

The chemical market could be seeing further consolidation. Several media report that BW Group is close to a sale of its chemical tanker fleet to Israeli billionaire Idan Ofer's tanker pool Ace-Quantum Chemical Tankers.

The deal involves BW Group's 13 chemical tanker vessels and is estimated to be worth USD 350 million, say anonymous sources to Lloyd's List. The parties are reportedly in an advanced stage of negotiations, but financing of the deal is yet to be resolved.

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