Maersk Tankers has exited its Handygas segment by selling all 11 vessels to Navigator Gas.
The divestment reportedly allows the company to focus on fewer segments and releases capital for future investments.
The sale affects around 300 employees on the Handygas vessels. It is expected that all employees will be transferred to other vessels in the Maersk Tankers fleet or be offered employment by Navigator Gas.
Maersk Tankers is working closely with Navigator Gas to ensure a smooth transition of the vessels and to support the employees in the period of change.