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Hafnia Tankers News

23 Nov 2023

Improving Propulsion Efficiency: Wärtsilä to Retrofit Ten Hafnia Tankers

©Wärtsilä Corporation

Finland-based marine technology group Wärtsilä will supply its EnergoFlow and EnergoProFin solutions for ten Bird Class oil and chemical tankers owned by the Singapore-based global tanker operator Hafnia."The combination of the two Wärtsilä systems ensures an optimized waterflow over and after the propeller, thereby improving propulsion efficiency considerably. The order was booked by Wärtsilä in October 2023," Wärtsilä said.According to Wärtsilä, EnergoFlow is an innovative pre-swirl stator that creates an optimal inflow for the propeller…

27 Jan 2022

Hafnia Grows Its Tanker Fleet by 44

Tanker shipping company Hafnia on Thursday announced it has completed its acquisition of 32 product/chemical tankers from Chemical Tankers and 12 LR1 tankers from Scorpio Tankers.Singapore-headquartered Hafnia, created through a merger between Hafnia Tankers and BW Tankers in 2019, now has an owned fleet of 152 vessels and commercially managed fleet of 242 vessels.“These transactions cement our position as the world's largest operator in the product and chemical tanker segment. The 44 new vessels are all compliant with the 2023 EEXI requirements and bring Hafnia closer to achieving IMO’s 2030 carbon intensity goal by 2028," said Hafnia's CEO…

21 Aug 2019

Vista Shipping to Finance Product Tankers

Hafnia Tankers, a member of BW Group, and shipyard-affiliated leasing company CSSC (Hong Kong) Shipping have formed a joint venture named Vista Shipping to finance and operate product tankers.A term loan facility of USD 111 million is intended to be used to finance four LR1 newbuildings. A banking consortium consisting of KfW IPEX-Bank, Societe Generale Hong Kong Branch and OCBC Singapore participate with 33% each as lenders at the term loan facility and have reached financial close.KfW IPEX-Bank acts as Facility Agent, Sinosure Agent and Security Agent. The 12-year post-delivery financing profits from Sinosure cover and is secured by…

21 Jan 2019

Hafnia/BW Tankers Create Product Tanker Giant

The merger of BW Tankers with Hafnia Tankers is being operationalized creating one of the world’s largest owners and operators of product tankers.The merged company owns and operates a fleet consisting of approximately 100 product tankers, four newbuildings and three product tanker pools, managed by Hafnia Management and Straits Tankers with vessels in the LR2, LR1, MR and SR segments.BW Tankers will be the surviving legal entity, but it will change its name to Hafnia, said company sources."All the conditions for the Merger have been fulfilled, and the Articles of Merger have been filed with the Registrar of Corporations of the Marshall Islands authorities, meaning that the Merger is effective as of 16 January 2019.

22 Aug 2018

Hafnia Tankers, BW Tankers USD 2.3bln Merger Soon

Denmark-based shipping company Hafnia Tankers is exploring the possibility of consolidation with BW Tankers, part of BW Group, Hafnia’s CEO Mikael Skov said.In its half year results statement Hafnia said: “Hafnia is exploring the possibility of consolidation with BW Tankers, a company owned by BW Group, one of our shareholders.”BW Group increased its shareholdings in Hafnia in early July when it acquired BTS Tankers Partners LLC. With the acquisition, BW Group became the beneficial owner of 43.5% of the Hafnia Group.Last month, BW Group said it has entered into a definitive agreement to buy a 36.3% stake in Hafnia Tankers, a shipping company formed by the management team of former Tankers Inc.

31 Jul 2018

Hafnia Tankers in Leaseback Deal with Sole Shipping Fund

Denmark's Hafnia Tankers has completed two sale and leaseback transactions with a Sole Shipping fund."Hafnia Tankers has successfully completed two sale and leaseback transactions with Skaatholmen Shipping Ltd, a company owned by Sole Shipping Special Opportunities Fund II of its 2010 built LR1 tankers, Hafnia Asia and Hafnia Arctic," said a press release from the company.The vessels have been sold to Skaatholmen Shipping with a seven-year bareboat charter back with annual purchase options from year two onwards and a purchase obligation in year seven.The Transaction entailed a sale of the vessels at market value and a fully levered lease arrangement which gives rise to a positive liquidity effect of approx.

09 Jul 2018

BW Group Acquires Higher Stake in Hafnia Tankers

BW Group has entered into a definitive agreement to buy a 36.3% stake in Hafnia Tankers, a shipping company formed by the management team of former Tankers Inc. The majority of the shares will be acquired through BTS, a collaboration between Blackstone-managed funds, Tufton Oceanic and Hartmann, and the balance purchased directly from certain Blackstone-managed funds. ombined with recent purchases from other shareholders, BW Group will own 43.5% of Hafnia Tankers. Carsten Mortensen, CEO of BW Group says, “BW Group is pleased to acquire this shareholding in Hafnia Tankers with its strong operational platform and quality fleet. We look forward to discussions with the other shareholders about the future strategy.

30 Apr 2018

Danish Shipping Moves Towards a Digital Future

In January and February the Maritime Disruptors Academy premiered when both students and employees in the shipping industry actively engaged on how to make the most of new technology and ways of thinking. Given that the entire Danish maritime cluster will be part of the change the next Academy, which runs in the autumn, will be open for participants across the cluster. Many new technologies knocks on the doors of the maritime sector. To name a few: Artificial Intelligence, robotics, Internet of Things, blockchain and 3D print, and they will all affect the maritime sector in the years to come. But how and when? And how can the shipping companies and other players in the market use it to create new business?

16 Feb 2018

Hafnia Tankers Inks Fresh Sale and Leaseback Deal

Denmark-based shipping company Hafnia Tankers has successfully completed a sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Australia. The Vessel has been sold to a Japanese private ship owning company (the Lessor) with a 12-year bareboat charter back with annual purchase options from year four onwards. The Transaction entailed a sale of the 74,539 dwt ship at market value and a fully levered lease arrangement which gives rise to a positive liquidity effect of approx. $8.7 million and further adds to the already strong cash position. The profile of the lease arrangement allows the Company to abide by its strict policy of maintaining a low cash-breakeven.

02 Nov 2017

Hafnia Tankers in Sale and Leaseback Deal

Hafnia Tankers has successfully completed its first sale and leaseback in the Japanese market through the sale and leaseback of its 2010 built LR1 tanker, MT Hafnia Africa. The Vessel has been sold to a large Japanese private ship owning company with an 8-year bareboat charter back with annual purchase options from year four onwards. The Company has an option to extend the lease to 12 years. The Transaction entailed a sale of the Vessel at market value and a fully levered lease arrangement which gives rise to a positive liquidity effect of approx. $8.5 million and further adds to the already strong cash position. The profile of the lease arrangement allows the Company to abide by its strict policy of maintaining a low cash-breakeven.

20 Aug 2017

Hafnia Says Product Tanker Market Weakened

The overall product tanker market weakened further during the second quarter of 2017, reflecting the ongoing imbalance between supply and demand of tonnage, said Denmark based Hafnia Tankers. High inventories and reduced trading activity did not support any additional increase of freight rates, however we did see the start of reduced oil inventories by the end of Q2, which in combination with a reduced orderbook, as well as growing oil consumption, are needed for an improved market. The product tanker market contributed Hafnia to an operating profit for the six months ended June 30, 2017 of $14.8 million and net profit of $2.3 million. Hafnia’s share of the remaining capex for the newbuilds was $35.2 million.

15 Jul 2016

Sovcomflot Buys Nine PRISCO Tankers

Russia’s PAO Sovcomflot (SCF Group) subsidiary SCF Tankers Ltd. has won an auction for nine arctic-going tankers that belonged Primorsk International Shipping Ltd. (PRISCO), who filed for chapter 11 protection in January 2016. The purchase deal is worth $215 million, and the auction results have been approved by the U.S. Bankruptcy Court for the Southern District of New York, which is handling PRISCO’s bankruptcy case. SCF Tankers outbid Denmark’s Hafnia Tankers Ltd., who submitted a $208 million offer, the Wall Street Journal reported. The nine ships comprise one Aframax crude oil tanker: Zaliv Amerika (104,535-dwt); three LR2 oil product tankers: Zaliv Amurskiy (104…

13 Jul 2015

Japan Creates World's Largest VLGC Player

Japanese Astomos Energy Corp. has announced that it has signed a cooperation agreement with ENEOS Globe Corp. aimed at merging the two companies' gas fleets, thereby creating a new giant in the booming tanker market. The two partners will tap opportunities to best create an effective combined fleet focusing on import and export liquefied petroleum gas (LPG). A merger of the two companies would create a new giant with a fleet of 30 of the major VLGC gas carriers in the already densely packed LPG market, where the main competitors include, among others BW Gas, Dorian LPG, Avance Gas and Danish Hafnia Tankers. In addition, according to an official confirmed the bilateral cooperation including LPG import and trade cooperation, specific issues are still under negotiation.

22 Mar 2015

Hafnia Reports Profit

Danish product tanker carrier Hafnia Tankers logged a $2.33m gain in 2014 after a strong finish to the year, according to its annual report. The firm finished 2014 in the black despite running up a $5.13m loss across the first three quarters of the year.   According to a Lloyd's report, Hafnia is putting the brakes on fleet expansion for the time being as it prepares to receive as many as 10 newbuilding product tankers this year and four in 2016.   Hafnia Tankers is currently only listed on the OTC list in Oslo. According to Pareto Securities, which along with Danske Bank Markets and American Global Hunter Securities has initiated coverage of Hafnia Tankers from the beginning of 2015 and expects a potential IPO.

13 Feb 2015

Hafnia Tankers Eyes USD 34 Mln to Finance Fleet Additions

Hafnia Tankers Ltd have entered into an agreement to acquire 4 LR1 product tankers. This acquisition confirms the commitment of Hafnia Tankers and its stakeholders to further expand the business within the product tanker segment.  Karei – to be renamed Hafnia Australia, built 2010, STX. All vessels are scheduled to be delivered during the month of February. With this addition, the company is strengthening its exposure towards the LR1 segment and the vessels will all be joining the Straits Tankers LR1 Pool. The Straits Tankers LR1 Pool operates one of the world’s largest LR1 fleets with more than 30 vessels in the pool. We are pleased to expand our presence in the LR1 segment and will now have balanced activities within the Handy, MR and LR1 segments.

25 Nov 2013

Nordic Shipholding Salvation Re-structuring Plan Agreed

Nordic Shipholding tankship: Image courtesy of Nordic Shipholding

Nordic Shipholding has entered a conditional restructuring agreement with Nordic Maritime, who will take over Nordic Ship Holdings debt of about  US$ 58,000,000. The company inform that after the restructuring it will be a tonnage provider in the product tanker segment and the objective is to grow the fleet. The five 37,000 dwt handy-size vessels will remain in commercial management with Maersk, where they participate in the Handytankers Pool, while the technical management of these vessels will remain with TB Marine in Hamburg.