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
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.

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