ShippingWatch

Maersk VLCC purchase named deal of the year

Belgian Euronav's acquisition of Maersk's fleet of 15 supertankers for more than USD one billion in January 2014 ranks as one of the best business deals in shipping in recent years. For the buyer, that is.

Belgian Eurovan made an remarkably good deal when the stock-listed carrier in January of this year completed the acquisition of Maersk Tankers' VLCC fleet, a total of 15 vessels. At least compared to other major ship transactions, according to data from vesselsvalue.com.

Euronav's purchase of the 15 supertankers from Maersk ranks as the best deal out of 30 transactions performed in international shipping since June 2012, and since the survey was performed, Euronav's financial gain compared to the current VLCC prices has probably increased even more.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs