Explosion killed 1 and critically burned 5 on Aframax tanker at scrap yard

Written by Maritime First

…As Maersk Tankers Closes Sale, Leaseback for MR Quartet***

Explosion, followed by fire, killed one and burned five other workers in an engine room of a tanker dismantled at Mahinur Ship Recycling yard in Chittagong, Bangladesh, in the morning May 15.

Tanker was beached in late December last year. Explosion was caused by sparks during cutting works, igniting gas and residues.

Five workers who suffered burns are hospitalized in critical condition. 

Crude oil tanker KELANA 4, IMO 9178343, dwt 105815, built 1999, flag Comoros, owner LIBRA SEAWAY Liberia, bought for scrap in late 2018. 

In the meantime, Danish tanker shipping company Maersk Product Tankers has entered into a sale and leaseback agreement with the Industrial and Commercial Bank of China (ICBC) for four medium range (MR) vessels.

The tankers, which have not been identified, were built in 2015 and 2016.

Maersk Tankers said it will bareboat charter-in the vessels for a period of ten years and has continuous purchase options.

In addition, the company will continue to undertake commercial and technical management of the vessels.

The first tanker has been delivered to ICBC, with the remaining ones to be delivered in the second quarter of 2019.

“The agreement will increase financial flexibility and strengthen the financial position of Maersk Product Tankers,” Morten Mosegaard, Chief Financial Officer at Maersk Product Tankers, commented.

“The sale and leaseback agreement releases significant capital, which gives us additional optionality to act if the right opportunity materialises,” Mosegaard added.

Based in Copenhagen, Maersk Product Tankers owns more than 80 vessels, which are carrying refined oil products worldwide. The company is owned by A.P. Møller Holding A/S and Mitsui & Co. Ltd.

Fleetmon with additional report from World Maritime News

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