Hayfin Contracts Oshima Shipyard for Construction of Bulkers

Hayfin Capital Management has secured the services of Oshima Shipbuilding in Japan through Sumisho Marine to develop two post-Panamax bulk carrier new constructions.

The UK alternative investment platform chose not to disclose the exact cost, but it revealed plans for the 100,000 deadweight tonnage (dwt) vessels to be engaged in a long-term charter with an international energy trader starting in 2026.

The future constructions are set to meet "world-leading standards," setting them apart from the majority of existing panamaxes projected to breach IMO regulations in the next three years, as stated by Hyfin. The company emphasised that its longstanding connections with key stakeholders in Japan played a crucial role in securing the two "highly sought-after slots."

The London-based firm recently amassed approximately $400 million for its shipping fund, reinforcing its strategy to invest in assets valued at up to $1 billion.

Andreas Povlsen, who heads the maritime division at Hayfin, remarked, "This transaction underscores our strong commitment to the Japanese market, highlighting the attractive asset exposure we can provide to investors through our Maritime Yield strategy.  This strategy combines fuel-efficient assets, long-term charters with investment-grade partners, all set against a favorable long-term market environment characterized by steady tonn-mile growth and a fleet in pressing need of modernization."