Independent journal on economy and transport policy
06:08 GMT+1
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Teekay Tankers buys the 12 Suezmax oil tankers of the Principal Maritime Tankers
the investment piles to 662 million dollars
August 5, 2015
The Teekay Tankers, company of the group Teekay Corporation that has center in the Bermunda, has agreed the acquisition of the entire fleet of Suezmax oil tankers of the American Principal Maritime Tankers, that it is constituted by 1/2 ships, with a total investment of 662 million dollars. Principal Maritime Tankers takes part of the Principal Maritime Management, society of pocketbook of Apollo Global Management.
The 12 Suezmax have a medium age 5,5-year-old and, when they are taken in delivery the next October, they will place side by side the ten Suezmax that currently takes part of the fleet of Teekay Tankers and will come employees on the market ad.
"The acquisition of this fleet in exercise of elevated quality - the managing director of Teekay Tankers has commented, Kevin Mackay - is of strategic importance for Teekay Tankers and offers remarkable commercial and financial benefits. Teekay Tankers - Mackay has explained - will at the right time become one of the main owners of modern Suezmax oil tankers of the cycle of the market of the tanker when positive the fundamental ones of the market contribute to a continuous increase of the hires in the market ad. With the five Aframax oil tankers that we have acquired previously this year, this acquisition will increase the fleet of property of Teekay Tankers of beyond 60% and will consolidate our position of main shipowner and operator of oil tankers of medium dimension. This means a scale increase that will allow us to ulteriorly optimize the efficiency of our fleet, to increase the offer of services to the current ones and the new customers in many E regions to widen our presence on the total routes of traffic in continuous evolution of the Suezmax".
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Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Teekay Tankers, company of the group Teekay Corporation that has center in the Bermunda, has agreed the acquisition of the entire fleet of Suezmax oil tankers of the American Principal Maritime Tankers, that it is constituted by 1/2 ships, with a total investment of 662 million dollars. Principal Maritime Tankers takes part of the Principal Maritime Management, society of pocketbook of Apollo Global Management.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
