Danske Bank, DnB, ING, Nordea, Skandinaviska Enskilda Banken, Swedbank and HSH Nordbank are all backing the credit facility, it announced today.

Hafnia will use the cash to fund seven handysize and two LR1s in a deal which also provides post-delivery financing for six handysize newbuildings it has at Hyundai Mipo.

Skov said: "We are very pleased to again have received the support from our financial partners and with this facility we have obtained financing for all our vessels and newbuildings currently on order.