Hafnia is kicking the tyres on a $100m private placement in an effort to capitalise on the expected improvements in the tanker market.
The Oslo-listed, Singapore-based tanker owner said on Wednesday that the fundraiser would be targeted at Norwegian investors and institutional investors, with an eye toward eliminating debt and otherwise strengthening its balance sheet.
“With the expected upturn of the product tanker market, it is now a favourable time to deleverage our balance sheet to ensure we continue to be in a strong position to take advantage of market synergies and opportunities in combination with increasing the free float in the...
