Maersk Product Tankers completes sale of 14 vessels to CDBL

Maersk Product Tankers has entered into an agreement with China Development Bank Financial Leasing (CDBL) for the sale of 14 product tankers at a total value of US$422 million.

Under the terms of the deal, nine of the vessels will be bareboat-chartered back to Maersk Product Tankers. All 14 vessels will remain under the commercial and technical management of Maersk Tankers.

The 14 vessels will be delivered to CDBL during the coming months.