Hafnia Tankers Inks Sale and Leaseback in Japan

Denmark-based shipping company Hafnia Tankers has completed a sale and leaseback agreement for one of its LR1 tankers in the Japanese market.

Under the deal, the company’s 2010-built tanker, MT Hafnia Australia, was sold to an undisclosed Japanese private ship owning company with a 12-year bareboat charter back.

Hafnia Tankers has annual purchase options for the ship from year four onwards.

The tanker was disposed of at market value and a fully levered lease arrangement which gives rise to a positive liquidity effect of around USD 8.7 million.

The profile of the lease arrangement allows Hafnia Tankers to abide by its strict policy of maintaining a low cash-breakeven.

The transaction was finalized and the 74,539 dwt ship was handed over to its new owner.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >