European shipping investor Hayfin Capital Management has announced the exercise of an option on two methanol reserved 158,000 dwt Suezmax tankers with HD Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of HD Hyundai, according to Trade Winds.
On October 30, 2023 the two parties announced the contract for the construction of 2+2 methanol reserved 158,000 dwt Suezmax tankers, with the first 2 units valued at 231.8 billion won (approx. US$170 million) and will be constructed by Hyundai Samho Heavy Industries which scheduled to be delivered by March 2026.
The optional order was the same cost as the first 2 units for a single unit of about 85 million US dollars. Following the effective date of the optional order, Hayfin’s number of methanol reserved Suezmax tankers at Hyundai Samho Heavy Industries has increased to four, with a total value of US$340 million ( about RMB 2,445 million).
According to the report, the methanol reserved 158,000 dwt Suezmax tankers can use both marine gas oil (MGO) and methanol.
On February 5, Hayfin also announced a contract with Sumisho Marine and Oshima Shipbuilding for the construction of two 100,000 dwt Post-Panamax dry bulk carriers, which are expected to be delivered in 2026.
Hayfin has raised capital for the Maritime Yield strategy. The company, which is capable of acquiring $1 billion in shipping assets, has invested more than $3 billion in various sectors such as dry bulk, tankers, containers, LPG and LNG.
