Hafnia's Chinese joint venture lands new deal with German bank

Vista Shipping, a joint venture between Hafnia and a Chinese company, has just secured refinancing for four newbuilds to be constructed in China. The deal was signed with three different banks.

Photo: PR/Hafnia

Product tanker operator Hafnia's Chinese joint venture Vista Shipping has secured a new refinancing agreement encompassing four newbuilds, according to a statement by German export bank KfW IPEX-Bank, one of three banks behind a USD 111 million credit facility.

The loan will be used for refinancing four newbuilds, type LR1.

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