Team Tankers is effectively for sale

Product and chemical tanker operator Team Tankers gives up its ambitions to spearhead consolidation in the tanker market. Instead, the shipping company could be sold to a bigger player in 2021, says chairman.

Photo: PR / Team Tankers

Team Tankers gives up its efforts to drive a large-scale consolidation in the product and chemical tanker market. The company is effectively up for sale, Chairman Morten Arntzen tells Tradewinds.

After two failed attempts in 2019 to merge with other shipping companies to become significantly bigger in the tanker market, Team Tankers this year acknowledged that the merger game with Team Tankers as a major consolidator is over.

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