Engelstoft: Maersk Tankers will not grow bigger

While other players in the tanker market are ordering new ships and expanding their fleets in order to benefit fully from the low oil price, Maersk Tankers CEO Morten Engelstoft is working with a different strategy, he tells ShippingWatch.

Photo: Maersk

The super rates on the tanker market have made product tanker carriers, in particular, order ships from the Asian yards at a level not seen in years, and some - such as the Scorpio Group - have even converted other ship types into vessels that can transport oil in order to secure maximized profits from the current tanker boom.

Maersk Tankers is gearing up to take delivery of new vessels in a series of ten new product tanker vessels, of which the first two have already been delivered, but the carrier's CEO, Morten Engelstoft, also states that the company's fleet will not exceed the 83 owned vessels the carrier operates today. Combined with the carrier's chartered vessels the fleet stands at a total 108 ships, and is thus already among the world's largest.

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