Blue Marine Acquires Tankers for PEMEX Refinación

Tuesday, August 19, 2008

Blue Marine Shipping, has acquired two new tankers that shall be leased by PEMEX Refinación for the next 10 years.  On May 30, Blue Marine awarded two out of the five tender agreements in which PEMEX Refinación invited tenders in order to improve its fleet. The cost of these two new tankers, African Future and Torm Wabash, reached 85.8 million and 98.4 million dollars respectively. The tankers were previously owned by the Torm and Delmod Marine Companies, with which Blue Marine executed a buy-sell agreement.

Both tankers fulfill the recommendation of the International Maritime Organization, which establishes that ships without double hull, double bottom, or double side, shall be removed after 25 years. Thanks to this double structure, better operative conditions are guaranteed, as well as industrial safety and environmental protection, which are the main reasons for PEMEX Refinación to renew its current fleet.


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