Hafnia expands fleet via new joint ventures


Hafnia has expanded its fleet with two MR newbuilds and declared an option for two additional LR2 dual-fuel liquefied natural gas vessels through new joint ventures.

The two MR tankers were acquired through the company’s new joint venture established with International Andromeda Shipping.

The vessels will be built at Hyundai Mipo Dockyard and are slated for delivery in July 2021 and January 2022. Both vessels are chartered out on five-year contracts.

Furthermore, Hafnia exercised an option for two additional LR2 dual-fuel LNG units in May 2021 through its joint venture with CSSC Shipping, Vista. The ships were acquired for $59.0 million and upon delivery, they will be chartered out for 5 years to an unnamed oil major at attractive rates.