Hafnia Tankers pockets $8.5m from sale and leaseback deal

Hafnia Tankers pockets $8.5m from sale and leaseback deal

Denmark’s Hafnia Tankers has sealed its first sale and leaseback deal in the Japanese market, with 2010-built LR1 tanker Hafnia Africa being sold to a Japanese private shipowning company.

The vessel will come back to Hafnia on an eight-year bareboat charter with options to extend by a further four years. The charter includes annual purchase options from year four onwards.

Hafnia says the deal will have a positive liquidity effect of around $8.5m, while the lease arrangement allows it to abide by its strict policy of maintaining a low cash breakeven.

 

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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