Maersk quits handysize gas carrier sector
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(Nov 23 2012)
Maersk Tankers has sold all 11 vessels in its Handygas segment to Navigator Gas.
The divestment allows the AP Moller-Maersk subsidiary to focus on fewer segments and releases capital for future investments, the company said.
Hanne Sørensen, CEO Maersk Tankers explained: "Navigator Gas presented us with a great business proposition that supports our aim to simplify and release capital for future investments. Navigator Gas is an experienced and well-renowned player and I am confident that they will deliver the same first-rate service to our customers as we have."
David Butters, chairman, president and CEO of Navigator: "We are pleased to be able to acquire Maersk Tankers modern fleet of handysized vessels and based on our shared views of maintaining the highest operating standards, we are certain that we can continue to deliver excellent service to all stakeholders within our industry."
The sale affects around 300 seafarers on the Handygas vessels. It is expected that all seafarers will be transferred to other vessels in the Maersk Tankers fleet, or be offered employment by Navigator Gas.
Maersk Tankers said that it was working closely with Navigator Gas to ensure a smooth transition of the vessels and to support the employees in the period of change.
The company said that it will fulfill all existing contractual commitments and the vessels will be delivered individually to Navigator Gas during the period 31st January through the fourth quarter of 2013.
http://www.tankeroperator.com/news/todisplaynews.asp?NewsID=3967
http://www.maersktankers.com/Gas/Pages/Default.aspx
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