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Maersk Tankers swallows shipper Penfield

Caption: Photo: Maersk Tankers

With the takeover of the charterer Penfield Marine, Maersk Tankers is creating a market leader for oil and product tankers.

In future, the company will control around 240 ships under commercial management. This includes around 45 ships owned by affiliated companies. By combining the commercial and operational expertise of both partners, the company will be able to offer a broader range of services to shipowners and freight customers. [ds_preview]

“Penfield Marine has built up a solid position and presence in the industry over the years and is a perfect fit for us,” says Tina Revsbech, CEO of Maersk Tankers. The aim is to acquire additional customers and pool partners. In addition, the range of services in the area of decarbonization is to be expanded.

Maersk Tankers name remains

The operations of Penfield and Maersk Tankers will continue without any changes to the regional presence to ensure a seamless integration for employees, pool partners and customers. The merged company will operate under the Maersk Tankers name and brand and will be headquartered in Copenhagen.

Tina Revsbech will remain CEO and Penfield’s Tim Brennan will take over as CCO. Eric Haughn (Penfiled) will retain his role as COO. The price and terms of the transaction were not disclosed.

Penfield Marine was founded in 2012 and currently operates almost 80 tankers in its Panamax/LR1, Aframax/LR2 and Suezmax pools.

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