freja hafnia product tanker lauritzen

J. Lauritzen Sells Tanker Fleet

Rob Almeida
Total Views: 29
October 22, 2013

Image: J. Lauritzen

Shipowner J. Lauritzen, following their announcement in mid-August to gradually exit the product tanker market, has concluded the sale today of its fleet of ten wholly-owned product tankers to Hafnia Tankers.

This deal adds USD $115 million in cash to J. Lauritzen’s coffers plus a $10 million equity stake in Hafnia.  J. Lauritzen notes that all vessels will be delivered by February 2014.

Meanwhile, Scorpio tankers is furiously ordering as many tankers as they possibly can.

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