Mikael Skov-led Hafnia will take control of 10 owned and five time-chartered tankers and is incorporating the newbuildings of related company Tankers Inc.
The ships, ranging in size from 40,000-dwt to LR 1 size, are being purchased at average values determined by six independent shipbrokers, Hafnia revealed in the prospectus for a private placement announced today.
Following the deal, which confirms a story broken in this week’s paper edition of TradeWinds, Hafnia will become one of the world’s largest products carrier operators with a fleet of 53 vessels including pool ships.
As we reported earlier today, Hafnia is aiming to raise up to $235m through a private placement to raise funds for the splash.
Hafnia confirms it is targeting a “fast track listing” with shares initially trading OTC in Oslo before transferring either to the Oslo Stock Exchange or the Nasdaq within six months.
Barclays, Blackstone, Tufton Oceanic and J Lauritzen will be the main shareholders and have already injected $190m into the company which will have a net asset value of $385m.
With the addition of the Lauritzen ships, Hafnia Tankers will initially own a fleet of 27 products carriers, including 19 trading vessels and eight eco friendly newbuildings.
Pareto in Oslo is the sole manager and bookrunner for the placement which is lined for a closing 21 October.
Torm links
Management of the new Danish products tanker owner is dominated by former employees of Torm.
Managing director Mikael Skov worked for Torm from 2000 to 2010, the last two years as chief executive officer (CEO), before heading up Tankers Inc which is now incorporated into Hafnia Tankers.
Management also includes six other ex Torm staffers including Anders Engholm, Thomas Andersen, Jan Mechlenburg,Torben Bager, Soren Steenberg and Peter Larsen.
Chairman of Hafnia is Erik Bartnes, one of the founders and a director of Pareto.
