Maersk Line Tankers Confirms Order for 10 LR2 Ships

Maersk Tankers, part of the Danish transportation combination Maersk, has affirmed that it put in a request for ten LR2 item tanker vessels at China's Dalian Shipyard.


Under the arrangement the shipbuilder is planned to convey the new tankers over a time of three years, with the principal vessels entering the armada in 2019.

"The newbuilding contract is a piece of an armada reestablishment to manage an aggressive armada and solid market position in the LR2 fragment," Maersk Group said. Despite the fact that the budgetary terms of the agreement were not uncovered, the organization included that the agreement mirrors the decrease in resource costs in the course of the most recent 12 months.

Maersk Group likewise educated that the request has "an extraordinary authoritative structure," which makes it discretionary, while keeping costs settled.

The newbuildings request was uncovered as a component of the organization's monetary report, in which Maersk Tankers said that its benefit for the entire year 2016 dropped to USD 62 million from USD 160 million seen a year before.

The outcome was adversely affected by declining rates, yet somewhat counterbalance by enhanced business execution, contract scope and cost funds.

Maersk Tankers' normal Time Charter Equivalent (TCE) income diminished by 17% contrasted with 2015, which was not as much as the general market rates decrease, while its income from working exercises was USD 180 million, down from USD 291 million for the separate time frames.

The organization's orderbook now adds up to 11 mid-extend (MR) item tankers, five of which are planned to be conveyed amid 2017 and the last six in 2018, and also a possibility for ten long range 2 (LR2) item tanker vessels.


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ORIGINAL SOURCE: Ships and Port

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