Hafnia cashes out of Andromeda joint venture

Product tanker giant Hafnia has cashed out its stake in a joint venture with Monaco-based Andromeda Shipping, booking a $13.3m profit as it continues to prune older tonnage from its fleet. The BW Group-controlled owner sold its 50% interest in the two MR tankers held through H&A Shipping during the third quarter. Hafnia did not … Read full article →