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.
Sign up for our newsletter