Sale of Eight Stainless Steel Vessels
Hafnia Limited has entered into an agreement for an en bloc sale of its eight stainless steel vessels (the “Vessels”) to Ace Tankers Management B.V. ("Ace Tankers") for a total net consideration of USD 252.4 million (the "Transaction"), releasing approximately USD 50 million in cash to Hafnia.
Four of the Vessels are currently financed by sale and leaseback facilities, and the remaining four vessels are financed by Japanese operating leases with call options. The Transaction remains subject to lenders consent.
The Vessels were built in 2016 (four) and 2017 (four) in Japan.
The Vessels are planned to be delivered from Hafnia to Ace Tankers as soon as practically possible, expected within 30 September 2022, except for "Hafnia Spark" and "Hafnia Stellar", which are expected to be delivered in September 2023.
"Divesting the stainless-steel vessels, which is a non-core segment, is according to our strategy, and focus remains on the core Product and Chemical IMO2 tanker segments. The price achieved reflects a strong interest in the stainless-steel segment." says Hafnia's CEO, Mikael Skov.
This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Thomas Andersen, EVP Investor Relations, Research and Performance Management at Hafnia, at the date and time as set out above.