12.8 C
Hamburg
Friday, June 6, 2025
Home Out of the Box BP sells six MR tankers for US$200M

BP sells six MR tankers for US$200M

BP is reportedly divesting six medium-range (MR) tankers in a deal valued at around US$200 million.

The vessels include British Cadet, British Captain, British Chief, British Officer, British Engineer (all built in 2017), and British Sailor (built in 2016).

According to brokers, the ships attracted multiple offers over the past two weeks. Although the ownership transfer has been completed, the identity of the buyer has yet to be disclosed.



The 57,000-deadweight-ton vessels were built by Hyundai Mipo and are currently listed under the ownership of ICBC Financial Leasing. VesselsValue data indicates that the tankers were originally sold to ICBC in 2015 under a 10-year bareboat charter agreement and subsequently leased back to BP.

Several Greek shipping firms, including Tsakos, have been rumored as potential buyers.

BP Shipping operates a mix of owned and leased vessels to manage its global energy logistics, typically relying on time charters while maintaining a smaller fleet under its own branding.





Latest Posts

Capesize S&P activity drops around 48%

Written by Rebecca Galanopoulos, Senior Content Analyst at Veson Nautical Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter rates and...

Transpacific container rates starting to spike on demand surge

Logistics markets and supply chains faced another confusing, dramatic few days last week as the US Court of International Trade ruled that President Trump...

BIMCO develops standard clause addressing USTR uncertainties

BIMCO, the world’s largest shipping association, has initiated the development of a standard industry clause to address contractual uncertainties arising from the United States...

Wincanton accelerates net zero ambitions with deployment of 24 electric HGVs

Wincanton has announced the first wave of 24 new electric heavy goods vehicles (HGVs) joining its fleet this year, marking a key step towards...

How to Choose the Right Contractor for Gutter Installation in Boston?

When it comes to protecting your home from water damage, a well-executed gutter installation is not just a luxury, it’s a necessity. Your gutters...
error: Content is protected !!