Maersk plans to buy new product tankers -newspaper

Reuters

COPENHAGEN, Oct 15 (Reuters) - Danish oil and shipping groupA.P. Moller-Maersk is planning to buy new producttanker ships, according to Danish business daily Borsen.

Marketing Director Klaus Rud Sejling from its Maersk Tankersunit said that the unit has to continuously develop its fleet tostay competitive.

"Therefore, we are looking at the possibility of replacingcertain parts of the fleet," he told Borsen.

He did not give further details, but Borsen, without citingits sources, said Maersk Tankers was planning to buy 10 newlong-haul and mid-range product tankers.

Product tankers carry refined oil products such as gasoline,diesel and aviation fuel.

Maersk Tankers operates one of the world's largest fleets oftanker ships, 162 by the end of 2012. Its rivals includeNorway's Frontline and U.S. company TeeKay Tankers.

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