8 January 2024
Maersk Tankers and Penfield Marine to create a tanker company with unique reach
Maersk Tankers has acquired Penfield Marine to create a large-scale crude and product tanker company offering pool partners and cargo customers a wider range of services.
Together, Maersk Tankers and Penfield Marine will offer a variety of solutions meeting the increasing demand on shipowners to deliver attractive returns and cut emissions. Cargo customers will get access to a broader service range to cover their transportation needs within more segments.
Maersk Tankers’ CEO, Tina Revsbech, said: “Penfield Marine has over the years built a solid position and presence in the industry and is a perfect match to Maersk Tankers. Our combined commercial and operational expertise will allow us to grow our presence as a commercial manager and extend our service offerings within performance optimisation and decarbonisation to a broader segment of customers and pool partners. We look forward to welcoming Penfield’s customers, partners and our new colleagues to Maersk Tankers.”
News from the A.P. Moller Group
Acquisition of Ocean Yield is complete
A.P. Moller Holding announced the acquisition of Ocean Yield on 2 July 2026. With all regulatory approvals obtained, the transaction has now been successfully completed. Ocean Yield holds interests in over 70 modern vessels across several core shipping sectors, including gas carriers, container ships, LNG carriers, crude, product and chemical tankers, and dry bulk carriers.
“We are impressed by Ocean Yield’s performance and its management team. We believe that combining Ocean Yield’s compelling platform with our century-long experience in the maritime industry will create a strong partnership. In addition, we see Ocean Yield’s business model, with its stable cash flow, as an excellent complement to our existing maritime portfolio,” says Martin Larsen, CFO of A.P. Moller Holding.
A.P. Moller Holding announces the acquisition of Ocean Yield from KKR
A.P. Moller Holding and KKR, a leading global investment firm, today announced that they have signed an agreement under which a subsidiary of A.P. Moller Holding will acquire 100% of Ocean Yield AS (Ocean Yield), a leading global ship leasing platform, from funds managed by KKR.
Letter from the CEO
In connection with the publication of A.P. Moller Holding’s Annual Report 2025, our CEO, Robert M. Uggla shares his reflections on last year’s activities and highlights from across the A.P. Moller Group.