Hafnia Tankers sale and leaseback in Japan

Hafnia Tankers has completed a sale and leaseback in the Japanese market of its 2010 built LR1 tanker, MT Hafnia Australia.

The ship has been sold to a Japanese private ship owning company with a 12-year bareboat charter back with annual purchase options from year four onwards. 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 approximately $8.m 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. The transaction has been consummated and the vessel has been delivered to the lessor.

Fearnley Securities AS acted as sole financial advisor to the company for the transaction.

For more information visit www.hafniatankers.com

26th Feb 2018