Singapore’s Hafnia has now moved out five older LR1 tankers this year for a total of $116.5m.

Brokers are reporting that the BW Group-backed giant has sold the 76,600-dwt Hafnia Rhine (built 2008) for a very firm $26.5m, with its special survey passed.

Navigare Capital and Stamford Shipping linked to lucrative tanker sales
 Read more

The vessel was built at Dalian Shipbuilding Industry Corp in China.