Hafnia Limited is an investment holding company that owns and operates oil product tankers. It operates through the Long Range II, Long Range I, Medium Range (MR), and Handy Size segments, transporting clean and dirty refined oil products, vegetable oil, and easy chemicals to national and international oil companies, chemical companies, and trading and utility companies. The company also engages in ship owning, chartering, and the provision of maritime services in the product and chemical tankers market. Formerly known as BW Tankers Limited, it changed its name to Hafnia Limited in January 2019; it was founded in 2010 and is based in Singapore.
Hafnia Files SEC Prospectus Supplement for USD 300 Million Share Offering
Hafnia Limited has filed a prospectus supplement with the U.S. Securities and Exchange Commission for its previously announced offering of 35,488,875 ordinary shares, which raised gross proceeds of the NOK equivalent of approximately USD 300 million. The filing follows the company's September 24, 2026 announcement confirming the successful completion and pricing of the offering. The prospectus supplement was filed under Hafnia's effective shelf registration statement on Form F-3 and is publicly available on the SEC's website. Hafnia, listed on the Oslo Stock Exchange under HAFNI and the New York Stock Exchange under HAFN, is one of the world's leading tanker owners, operating around 180 vessels with over 4,000 employees onshore and at sea, and is part of the BW Group.
Hafnia Buys 1.7 Million More TORM Shares, Raising Stake to About 19.85%
Hafnia Limited has agreed to acquire 1,700,000 A shares in TORM plc at USD 34.00 per share, a stake equal to 1.66% of TORM's issued and outstanding share capital. Following completion of the acquisition, Hafnia will hold approximately 19.85% of TORM's issued and outstanding share capital. Hafnia said it will fund the purchase with cash on hand and its available credit facilities. Hafnia is one of the world's leading tanker owners, operating around 180 vessels with more than 4,000 employees onshore and at sea, and is part of the BW Group.
Hafnia Raises TORM Stake Above 18% to Become Largest Disclosed Shareholder
Hafnia Limited has increased its stake in tanker operator TORM to 18.22%, making it the largest disclosed shareholder in the company. The additional share purchase lifts Hafnia's holding beyond other reported investors and reshapes TORM's disclosed ownership structure. Hafnia, a sector peer, has committed over US$456 million across two transactions to reach the top of the register, a position that raises questions over future influence on TORM's board and capital decisions. The move follows TORM's September 2026 follow-on offering of 9,000,000 shares, and investors will watch whether Hafnia's presence coincides with any shift in fleet renewal, charter mix, or dividend policy. TORM operates a fleet of product tankers serving customers in the United Kingdom and internationally, and the business is valued at DKK24.7b.
HAFN · Capital · Neutral Hafnia commits over US$456 million across two transactions to raise its TORM stake to 18.22%, becoming TORM's largest disclosed shareholder.
TRMD · Capital · Neutral Hafnia's stake increase reshapes TORM's ownership register and raises questions over future influence on its board and capital decisions.
Hafnia Limited Shares Trade Ex-Dividend on Oslo Exchange
Hafnia Limited's shares will be traded ex-dividend on the Oslo Stock Exchange as of today, 7 September 2026, and on the New York Stock Exchange as of 8 September 2026. The dividend for the second quarter 2026 is USD 0.5003 per share, as announced in the company's stock exchange releases on 28 August 2026. Hafnia, a leading tanker owner with around 180 vessels, is part of the BW Group and is listed on both the Oslo and New York stock exchanges.
Hafnia Limited reported second-quarter net profit of $277.8 million, its strongest quarterly result since the third quarter of 2022, driven by elevated freight rates amid Persian Gulf conflict and Red Sea disruption. The company declared a dividend of $250 million, or $0.5003 per share, at the maximum 90% payout ratio, bringing first-half dividends to $0.788 per share, an annualized yield of roughly 21%. Net asset value rose to $4.4 billion, or $8.89 per share, while net loan-to-value fell to 13% from 20.2%. However, management cautioned that forward bookings indicate softening: Q3 revenue coverage is 80% at $30,716 per day, and second-half coverage is 53% at $28,917 per day, well below the $50,000 spot rates seen in Q2. The company also confirmed a leadership change effective shortly after the earnings call.
Hafnia CEO Transition Complete; EGM Set for September 23
Hafnia Limited announced that Søren Steenberg Jensen has assumed the role of Chief Executive Officer, succeeding Mikael Øpstun Skov, effective September 1, 2026. The company also issued notice of an Extraordinary General Meeting to be held on September 23, 2026, in Singapore, to appoint Skov as a director. Jensen's appointment will not alter Hafnia's previously communicated strategy or operating mode. Hafnia, a leading tanker owner operating around 180 vessels, is part of the BW Group.
Hafnia reported second-quarter GAAP earnings of $0.56 per share, beating estimates by $0.05, with revenue of $505.66 million, up 45.9% year-over-year and surpassing expectations by $110.91 million. Fee-based earnings rose to $8.8 million from $7.9 million a year earlier, while TCE earnings climbed 61.3% to $372.9 million, with an average TCE of $44,093 per day. Adjusted EBITDA surged 114.1% to $287.3 million. As of August 17, 80% of fleet earning days for the third quarter were covered at $30,716 per day. Net asset value stood at approximately $4.4 billion, or $8.89 per share (NOK 88.47) at quarter-end.
Trump proposes 20% fee on Hormuz transit, drawing IMO rebuke
President Trump declared the U.S. would act as the 'Guardian of the Hormuz Strait' and charge a 20% fee on all transiting cargo to cover security costs, prompting the International Maritime Organization to state there is no legal basis for mandatory tolls to transit a strait. The announcement follows escalating clashes in which Iran has targeted commercial vessels and vowed to impose its own fees for passage, while the U.S. has conducted airstrikes against Iranian installations. The IMO, the U.N. body overseeing global shipping safety, clarified that freedom of navigation is guaranteed under customary international law, which the U.S. has historically recognized. The proposed fee marks a shift toward transactional foreign policy, raising concerns that allies may seek alternative security arrangements and that other powers could assert similar claims in contested waterways.
BRENT · Geopolitics · Positive Proposed 20% fee on Hormuz transit and escalating Iran tensions threaten supply through a key chokepoint, supporting oil prices.
ECO · Geopolitics · Positive Proposed 20% fee on Hormuz transit increases shipping costs and risks, benefiting tanker owners like Okeanis through higher freight rates.
GNK · Geopolitics · Positive Disruption and potential tolls in Hormuz Strait boost demand for dry bulk shipping as alternative routes or stockpiling increase, benefiting Genco.
HAFN · Geopolitics · Positive Hafnia, as a product tanker operator, stands to gain from higher freight rates due to increased risk and potential rerouting in the Strait of Hormuz.
HSHP · Geopolitics · Positive Himalaya Shipping, a dry bulk carrier, benefits from potential supply chain disruptions and increased ton-mile demand from Hormuz instability.
IMPP · Geopolitics · Positive Imperial Petroleum, as a tanker operator, gains from higher shipping rates and increased demand for its vessels due to Hormuz transit fee and tensions.
Hafnia Limited CEO Mikael Skov to step down September 1
Hafnia Limited CEO Mikael Skov has decided to step down effective September 1. The Singapore-based oil tanker owner and operator has appointed Søren Steenberg Jensen, currently Head of Asset Management, as the new CEO. Mikael Skov will join Hafnia's board of directors, subject to confirmation.
Pareto analyst Eirik Haavaldsen downgraded Hafnia Limited to Hold from Buy on May 28, assigning a NOK 79 price target. During Hafnia's first-quarter 2026 earnings call, CEO Mikael Skov said the quarter was shaped by an unprecedented geopolitical disruption in global oil markets, including the closure of the Strait of Hormuz and attacks on Middle Eastern refineries. He noted the loss of an estimated 12.8 million barrels per day of global oil supply forced a rapid reshaping of crude and refined product transportation patterns, partly offset by increased Atlantic Basin production and the International Energy Agency's coordinated release of up to 400 million barrels from strategic reserves. Despite the difficult environment, Hafnia reported a net profit of $179.7 million in the first quarter of 2026, including $32.5 million in gains from vessel sales, with its fee-based business contributing $7.8 million. The company expects around 300 off-hire days in the second quarter due to continued drydocking activity.
Norway
United States
