ShippingWatch

J. Lauritzen: Fair deal with Hafnia Tankers

A fair deal, says J. Lauritzen CFO Birgit Aagaard-Svendsen when asked about the shipping company's sale of its product tank fleet to Hafnia Tankers, a company she describes as "interesting."

J. Lauritzen improves its cash position by USD 115 million with the sale of its ten product tankers to Hafnia Tankers, as the shipping company has opted to invest USD 10 million of the released funds in the newly established tanker company. Birgit Aagaard-Svendsen, Executive Vice President and CFO of J. Lauritzen, is pleased with the deal and praises Hafnia Tankers:

"We feel that this is a very fair deal, where the pricing was done according to market conditions. We find it exciting that Hafnia Tankers has gotten off to such a solid start, and it's an initiative we'd very much like to support, which is why we've also decided to invest a small part of the funds we've secured through this trade to support the development of Hafnia Tankers," she tells ShippingWatch.

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