ShippingWatch
Tanker

Hafnia could face difficulties financing major acquisition from biggest rival

Hafnia is in the process of acquiring 12 vessels from its largest rival, Scorpio Tankers, in a cash transaction estimated at USD 360m. It could prove difficult for Hafnia to finance such a large deal with the current stock prices, analyst tells ShippingWatch.
"Generally, we examine all options that may strengthen our business strategically and which are attractively priced," says Hafnia CEO Mikael Skov to ShippingWatch. | Photo: PR/Hafnia
"Generally, we examine all options that may strengthen our business strategically and which are attractively priced," says Hafnia CEO Mikael Skov to ShippingWatch. | Photo: PR/Hafnia
by DAG HOLMSTAD

Hafnia undauntedly continues its acquisition hunt on a strained tanker market, and if current negotiations fall into place with the carrier’s largest rival, Scorpio Tankers, the expanding tanker operator is going to strengthen its global leadership considerably.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Related articles:

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading