Carrier rumored to offer millions for Maersk VLCCs

"Of course an offer might come along that would be impossible to turn down, but we have no plans for further divestments at this time," Maersk Tankers CEO Hanne B. Sørensen told ShippingWatch in May.

American General Maritime (Genmar) might be gearing up to make an offer on 15 ships from Maersk Tankers' fleet of supertankers, the so-called VLCCs - very large crude carriers - writes shipping newspaper Tradewinds, referring to anonymous sources.

According to the sources, Genmar - which filed for Chapter 11 bankruptcy protection in 2012 and now has a financing solution that enables the carrier to offer USD 950 million - is looking at Maersk Tankers' 15 mega tankers.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Less congestion makes dry bulk rates decline

Port congestion has eased, leading to a decrease in dry bulk rates. According to Clarksons, the development is not least due to low industrial production in China following Covid lockdowns.

MPA appoints new CEO

Quah Ley Hoon steps down as CEO of Maritime and Port Authority of Singapore at the beginning of September after around three and a half years on the post.

Further reading

Related articles

Latest news

See all jobs