Hayfin's Investment Targets Up to Four Suezmax Ships Prepared for Methanol Usage

Hayfin, a prominent shipping investor in Europe, has made a significant move by placing an order for up to four 'enhanced methanol ready' Suezmax tankers from the renowned South Korean shipbuilder, Hyundai Heavy Industries (HHI). This strategic contract encompasses the procurement of two confirmed 158,000-deadweight tonnage (dwt) tankers, accompanied by options for an additional two sister vessels. The confirmed units are expected to be delivered during the first half of 2026.

Andreas Povlsen, Head of Maritime at Hayfin Capital Management, emphasized the underlying motivation behind this newbuild program. He stated that it aligns with Hayfin's investment strategy, which prioritizes carbon-efficient assets within critical downstream commodity supply chains. The company's commitment to sustainable and environmentally responsible investments underscores its dedication to addressing pressing challenges related to emissions and sustainability in the shipping industry.

Notably, the order for these vessels had already been disclosed by the South Korean shipbuilder, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), earlier in the week, creating anticipation and excitement in the maritime sector.

The two new vessels, envisioned as cutting-edge assets with enhanced methanol readiness, will be constructed under a contractual agreement amounting to KRW 231.8 billion, equivalent to $171 million. The scheduled delivery for these units is expected to occur by March 2026.

Hayfin further elucidated the rationale behind this strategic investment, highlighting its alignment with the company's successful co-investments in emissions abatement technology. These collaborative efforts involve partnerships with esteemed charterers and aim to address environmental concerns while improving operational efficiency.

One such recent partnership is the Greenheart collaboration with Njord and Marsoft, where Njord, as a key participant, will design a tailored suite of fuel-saving technologies. Initially, this initiative will be implemented on four Greenheart-owned vessels. The objective is to achieve significant fuel and emission reductions, estimated to range between seven and 16 percent per vessel. This endeavor exemplifies Hayfin's dedication to leveraging innovative technology to enhance the environmental footprint of its fleet, while also establishing partnerships with industry leaders to drive sustainable progress.

Hayfin's investment portfolio extends beyond the maritime industry, with an alternative investment platform managing assets valued at a substantial $32 billion. Despite maintaining a discreet profile, the company holds a significant presence in the maritime sector. It actively engages in various forms of investment, including direct lending, alternative credit, leasing, and ship ownership. Additionally, Hayfin operates an in-house ship management platform known as Greenheart Shipping, which further solidifies its influence and impact in the industry.