Maersk Tankers Acquires Penfield Marine to Expand Tanker Services

Copenhagen-based Maersk Tankers has recently completed its acquisition of Penfield Marine, a boutique commercial management company.

The move allows Maersk Tankers to establish a larger-scale crude and product tanker company, providing a wider range of services to pool partners and cargo customers.

The newly combined company will oversee the management of approximately 240 vessels, including around 45 vessels owned by affiliated companies.

Penfield Marine, founded in 2012, operates tankers globally through its Panamax/LR1 pool, Aframax/LR2 pool, and Suezmax pool. With offices in Connecticut, London, and Singapore, Penfield Marine serves a diverse clientele consisting of chartering customers, pool members, and shipping investors, including major oil companies and oil traders.

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