Maersk Tankers Confirms Order for Ten LR2 Ships

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Maersk Tankers has confirmed that it placed an order for ten LR2 product tanker vessels at China’s Dalian Shipyard.

Under the deal the shipbuilder is scheduled to deliver the new tankers over a period of three years, with the first vessels entering the fleet in 2019.

“The newbuilding contract is part of a fleet renewal to sustain a competitive fleet and strong market position in the LR2 segment,” Maersk Group said. Although the financial terms of the contract were not revealed, the company added that the contract reflects the decline in asset prices over the last 12 months.

Maersk Group also informed that the order has “a unique contractual structure,” which makes it optional, while keeping prices fixed.

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