Hafnia Completes Takeover of 12 LR1 Vessels from Scorpio

On 14 June 2022 Hafnia completed the full handover of all 12 LR1 vessels acquired from Scorpio, in what was described as a “Landmark Deal” greatly strengthening Hafnia’s leadership in the LR1 sector.

Following the finalization of the deal in January 2022, Hafnia has been in the process of taking over delivery of the vessels, which have been renamed, or are in the process of being renamed Hafnia Excel, Hafnia Excelsior, Hafnia Expedite, Hafnia Exceed, Hafnia Experience, Hafnia Executive, Hafnia Excellence, Hafnia Express, Hafnia Pride, Hafnia Providence, Hafnia Precision and Hafnia Prestige. All vessels of the newly acquired fleet are compliant with the EEXI framework efficiency requirements that come into force in 2023, in line with Hafnia’s environmental social and governance goals.

Hafnia congratulates the Crewing Team, who seamlessly arranged for full Ship Teams to embark vessels in optimal timing despite pandemic restrictions ever prevalent in some taking over ports. We also thank our Finance, Technical, Legal, Commercial and Operations team who worked tirelessly to finalize this transaction in less than 3.5 months, together with the team from ICBCL and BW Asset Management who handled Memorandum of Agreement documentation and delivery requirements.