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Maersk Tankers lost half a billion dollars in 2017

Product tanker carrier Maersk Tankers, now fully owned by the family's investment unit, lost more than half a billion dollars in 2017. The loss is partially triggered by a huge impairment.

Photo: Maersk Tankers

Maersk Tankers was hit hard by the dire state of the product tanker market in 2017.

The product carrier lost USD 523 million last year, a significant setback from a deficit of USD 62 million in 2016.

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