MJL to replace ageing tanker vessel for $45.3m
According to a disclosure to the Dhaka Stock Exchange (DSE), the company’s board will purchase a 12-year-old second-hand oil tanker, MT Nissos Delos, with a capacity of 115,000 tonnes for $45.3 million
MJL Bangladesh, a leading importer and distributor of petroleum products, has decided to replace its 20-year-old tanker vessel, MT Omera Legacy.
According to a disclosure to the Dhaka Stock Exchange (DSE), the company's board will purchase a 12-year-old second-hand oil tanker, MT Nissos Delos, with a capacity of 115,000 tonnes for $45.3 million.
MT Omera Legacy has a capacity of 107,000 tonnes of crude oil, and the vessel may eventually be sold, company officials told The Business Standard.
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The company is also awaiting the delivery of its second brand-new oil tanker, currently under construction in Korea. The $73 million vessel, with a capacity to carry 115,000 tonnes of oil, is expected to be ready by 2026.
In addition, another liquefied petroleum gas (LPG) carrier, with a capacity of 11,000 cubic decimetres (CDM), will be added to the fleet by the end of 2026 at a cost of approximately $32.5 million.
MJL is the country's market leader in lubricants, while its subsidiary, Omera Petroleum, leads the LPG market.
MJL Bangladesh shares closed 0.9% lower at Tk94.1 on 30 December on the Dhaka Stock Exchange.
