Norwegian player SKS Tankers Holding (SKS) is heaving its entire LR2 fleet into a new joint venture with ship financier Hayfin Capital Management.

Ten LR2 product tankers previously owned by the Bergen-based company have been transferred to a new structure involving Hayfin's wholly-owned GreenTankers Holding subsidiary, the two outfits said in a joint statement on Friday.

The ships, all sister vessels built between 2010 and 2012 at Hyundai Samho Heavy Industries will be just the “initial fleet” in what both partners intend to be a growing new platform.