Maersk has agreed to sell its tanker unit, Maersk Tankers, to its controlling shareholder for US$1.17m, as it seeks to prioritise business segments focused on container shipping, ports and logistics.
Family investor A.P. Moller Holding will take on 161 product tanker vessels as part of the all-cash transaction.
A.P. Moller Holding will establish an ownership consortium for Maersk Tankers’ fleet with the Mitsui & Co. and other potential partners, in which the former will be majority shareholder.