BW's purchase of Hafnia shares could lead to two scenarios

BW Group's large acquisition of shares in Hafnia Tankers could lead to two paths, sources tell ShippingWatch. Very positive for Hafnia Tankers that BW Group becomes new majority shareholder in company, CEO Mikael Skov tells ShippingWatch.

by LOUISE VOGDRUP-SCHMIDT, KATRINE GRØNVALD RAUN

The run-up to changes in the product tanker market has been long. Many have talked about it, wished and hoped for a consolidation after Scorpio Tankers in May 2017 acquired Navig8. But despite this desire, there has been an underlying fear in the market of making the first move.

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BW Group buys bigger stake in Hafnia Tankers
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Who will make the first move in product tanker consolidation?
Team Tankers CEO invites large-scale tanker mergers
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