Oslo-listed Hafnia has confirmed a blockbuster acquisition of 12 LR1 product tankers from Scorpio Tankers for an en bloc price of $414m that reflects rising tanker valuations despite the protracted trough market.
Hafnia's swoop on the entire LR1 fleet of New York-listed Scorpio was first revealed by TradeWinds on 19 January. Hafnia later acknowledged "advanced discussions" with the seller in a stock exchange filing.
