The Sohmen-Pao family trumped Maersk's bid on Hafnia

Maersk Tankers wanted to acquire Hafnia's fleet, but was beaten by BW Group and the Sohmen-Pao family with an attractive offer to buy the entire shipping company. ShippingWatch reconstructs the story about how one of the world's biggest product tanker carriers was created.

Photo: Kollage/Ritzau Scanpix/Tycho Gregers/BW Group

If one stands at the roundabout on Tuborg Boulevard in Hellerup in northern Copenhagen, one can see part of the explanation for why Singapore-based BW Group – and not Maersk Tankers – wound up landing a takeover deal with Hafnia Tankers in 2018.

Through conversations with several centrally-placed sources and people familiar with the maritime sector, ShippingWatch is able to reconstruct the main elements in the story about how one of the world's largest product tanker shipping companies was created in just a few months. And of how the Asian Sohmen-Pao family was able to submit a takeover plan that pushed the Maersk's family's offer out of the picture.

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