Maersk Tankers: Asset prices are now too high

The Maersk Group's tanker unit is taking a break from its fleet renewal efforts. The prices on new as well as second-hand vessels are now too high, says the carrier's Head of Business Development, Claus Grønborg.

BY KATRINE GRØNVALD RAUN

Maersk Tankers will likely not invest in new ships for its fleet anytime soon. The prices today are too high, says Claus Grønborg, Head of Business Development at Maersk Tankers. The carrier is continuously looking into opportunities for fleet renewal, both through new vessels and second-hand. But the investments must be attractive:

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Maersk Tankers: Asset prices are now too high

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

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

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

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

Jobs