Hafnia, Sole Shipping Agree Refinancing Deal

MoneyIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Denmark-based shipping company Hafnia Tankers has completed two sale and leaseback transactions with a Sole Shipping fund.

The vessels included in the deal with the company’s business arm, Skaatholmen Shipping, are the 2010-built LR1 tankers, Hafnia Asia and Hafnia Arctic.

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.

Hafnia Tankers informed that 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 around USD 19 million and “further adds to the already strong cash position”.

The profile of the lease arrangement allows Hafnia to abide by its policy of maintaining a low cash-breakeven. The company said that the transaction has been finalized and the ships have been handed over to the lessor.

Share this article

Follow World Maritime News

In Depth>


<< Jul 2019 >>
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 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >