Former Torm employees raise multimillions for new shipping company

A new Danish-based product tank company will be established with funding from British bank Barclays and capital funds Blackstone and Tufton. The company will go public within six months, according to Shippingwatch’s sources.

A new Danish company named Hafnia Tankers with a number of former Torm employees at the helm aims to raise somewhere in the range of USD 200-235 million at the OTC in Oslo with the help of British bank Barclays and capital funds Blackstone and Tufton Oceanic, according to Shippingwatch’s sources. The plan is to go public in Oslo or New York within the next six months.

The group of investors behind Hafnia Tankers (former Tankers Inc.), Barclays, J. Lauritzen, Blackstone, and Tufton, will post an additional USD 190 million in the company, while other investors have committed as much as USD 180 million to the new shipping company.

The new company will have a 40 % ownership share in Hafnia Management, which currently owns 53 product tankers in pools, and it will take control of J. Lauritzen’s fleet of 10 MR product tankers.

Tankers Inc said to be interested in JL tanker fleet 

The founding of the new Hafnia Tankers with a multimillion-dollars funding base is the culmination of several years’ planning in Tankers Inc. – established in 2010 under the management of former Torm executive Mikael Skov and with financial backing from Barclays and J. Lauritzen.

To begin with, Hafnia Tankers will own 27 product tankers within SR, MR, and LR1, including 19 vessels already at sea and 8 MR Eco-Ship Newbuildings.

Click here to read ShippingWatch's big Mikael Skov-interview from earlier this year.

Oaktree and Navig8 establish new chemical tank carrier 

Share article

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