Maersk Tankers Acquires Seven AET Vessels

September 26, 2019

Product tanker operator Maersk Tankers has now completed its acquisition of seven chemical tanker ships, which the company wil take over from AET Tanker Holdings, a Malaysian-owned global shipping company specializing in the ocean transport of crude oil and refined products.

Built in Korea in 2009 and 2010, the second-hand Handy vessels are of shallow drafted design with a good cargo intake and an increased chemical/IMO capability.

“In line with our strategic goal of developing a dynamic fleet and our belief in the tanker market, this acquisition will enhance our position in the market,” says Soren C. Meyer, Chief Asset Officer at Maersk Tankers.

From a commercial viewpoint, the addition of the vessels will help Maersk Tankers' Handy pool sustain its strong commercial position and drive market out-performance.

“We believe that the acquisition will enable the pool to maintain and expand our current good customer relationships thus enabling increased access to cargos. The specific design and age profile of the vessels fits very well into our Digital Active Position Taking (APT) efforts, as they can be deployed in any market, any grade and to any customer,” says Hans Ulrik Norgaard, Head of Chartering, Intermediate & Handy at Maersk Tankers.

The company has taken delivery of the first vessel, the 2009-built 37,961 DWT chemical tanker Bunga Akasia, which was renamed Hans Maersk. The remaining vessels are expected to deliver over the coming months.

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