Stock market rocket secures new billions

Stock market rocket secures new billions

We are talking about the so-called sustainability-linked loan agreement in the framework of $303 million, equivalent to NOK 3.3 billion, due in 2029. No less than eight banks have agreed to the loan. Then, BNP Paribas, Citibank, Danske Bank, DBS Bank, IU Bank, Nordea Bank, China Overseas Banking Corporation, and Standard Chartered Bank.

The report stated that the loan agreement is secured by a fleet of nine chemical cargo ships.

The company has gone like a bullet on the stock market in the past three years and its shares are up more than 328 percent. So far this year, the share has risen by 31 percent to NOK 66.30.

The goal of this loan is to improve the borrower’s image by linking credit agreements to sustainability goals.

“We appreciate the continued support of our banks and have been able to achieve a very competitive pricing and financing structure. Through this loan facility, we will work together to contribute to the decarbonisation of the shipping sector,” says Perry van Eschtelt, CFO of Hafnia.

He made half a billion dollars

The tanker company Hafnia received $213.3 million after taxes in the second quarter, or approximately 2.3 billion kroner. In the second quarter of last year, the result was $186.2 million.

With the second quarter result, Hafnia has generated $469.9 million so far in 2023, and more than $1 billion last year. It is therefore on track to break last year’s performance record.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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