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.

The vessels are:

 Kihada – to be renamed Hafnia Africa, built 2010, STX;
 Arctic Char – to be renamed Hafnia Arctic, built 2010, Brodosplit;
 Maguro – to be renamed Hafnia Asia, built 2010, STX; and
 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. Upon delivery of these new vessels, Hafnia Tankers will operate a fleet of 29 vessels on the  under construction to be delivered in 2015 and 2016.

The acquisition is fully financed through equity commitments and credit facilities. We have signed credit facilities with ABN AMRO Bank N.V., Singapore Branch and Danske Bank A/S acting as Joint Bookrunners and Mandated Lead Arrangers. ABN AMRO is acting as Facility Agent. The credit facility is secured by mortgages on these vessels.