Maersk Tankers looking to build world's largest tanker pool

Maersk Tankers' CEO Morten Engelstoft has launched an ambitious plan. He will create the world's largest product tanker pool within the next few years, says Engelstoft in an interview with ShippingWatch.

BY TOMAS KRISTIANSEN

A lot has changed for Maersk Tankers since former Maersk Line COO Morten Engelstoft took over as CEO of the conglomerate's dwindling tanker carrier, beset by heavy losses, two years ago. Today, Maersk Tankers is a profitable product tanker carrier after the sale of its supertankers to Euronav i 2014, but the biggest game changer has been the upturn experienced by the sector as a result of the low oil price.

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Maersk Tankers looking to build world's largest tanker pool

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Product tankers set new ten-year record

Investors have turned their back on shipping

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

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