Hafnia Signs Contract for Eight Newbuild Tankers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 03 2026
0mins
Should l Buy HAFN?
Source: NASDAQ.COM
- New Vessel Order: Hafnia has signed a contract with Hyundai Heavy Industries for the construction of eight Medium-Range newbuild product tankers at a total cost of approximately $405 million, with expected delivery between Q3 2028 and Q2 2029, securing early delivery slots at the shipyard and enhancing the company's competitiveness in the MR segment.
- Eco-Friendly Design: The new tankers will feature fuel-efficient designs that support the company's decarbonization efforts, not only improving fleet performance but also enhancing earnings quality, aligning with the global shipping industry's increasing focus on environmental sustainability.
- Long-Term Competitiveness: CEO Mikael Skov stated that the new vessels are expected to bolster the company's long-term competitiveness, positioning Hafnia favorably in future markets, especially as environmental regulations become more stringent.
- Market Reaction: Hyundai Heavy Industries' stock price rose by 9% to KRW 478,500 on the Korean Stock Exchange, reflecting positive market sentiment towards the contract, which may further boost Hafnia's stock performance.
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Analyst Views on HAFN
Wall Street analysts forecast HAFN stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.190
Low
6.73
Averages
8.37
High
10.00
Current: 8.190
Low
6.73
Averages
8.37
High
10.00
About HAFN
Hafnia Limited is a tanker company. The principal activity of the Company is investment holding. The Company’s segments include Long Range II (LR2), Long Range I (LR1), Medium Range (MR), Handy, and Specialised. The LR2 segment consists of vessels between 85,000 deadweight tons (DWT) and 124,999 DWT in size and provides transportation of clean petroleum oil products. The LR1 segment consists of vessels between 55,000 DWT and 84,999 DWT in size and provides transportation of clean and dirty petroleum products. The MR segment consists of vessels between 40,000 DWT and 54,999 DWT in size. The Handy segment consists of vessels between 25,000 DWT and 39,999 DWT in size and provides transportation of clean and dirty oil products, vegetable oil, and easy chemicals. The Specialised segment consists of vessels between 5,000 DWT and 19,999 DWT in size. Its subsidiaries include Hafnia Pte. Ltd., Hafnia Tankers Marshall Islands LLC, Hafnia Holding Limited, and Hafnia Holding II Limited.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hafnia CFO Sells 90,000 Shares to Cover Tax Liabilities
- Executive Sell-off: Hafnia's CFO Perry Van Echtelt sold 90,000 shares on April 7, 2026, at an average price of NOK 79.5052 per share on the Oslo Børs, primarily to cover incurred tax liabilities, indicating a short-term liquidity need from the executive.
- Compliance Disclosure: This transaction adheres to the disclosure requirements under Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act, ensuring transparency and maintaining market trust, reflecting the company's commitment to compliance.
- Company Background: Hafnia Limited is one of the world's leading tanker owners, operating around 200 vessels and offering a fully integrated shipping platform, including technical management and commercial services, showcasing its strong position in the oil and gas transportation sector.
- Global Business Presence: With offices in Singapore, Copenhagen, Houston, and Dubai, and over 4,000 employees, Hafnia demonstrates its extensive influence in the global shipping market and its strategic intent for continued expansion.
See More
Hafnia CFO Sells 90,000 Shares to Cover Tax Liabilities
- Executive Share Sale: Hafnia's CFO Perry Van Echtelt sold 90,000 shares on April 7, 2026, at an average price of NOK 79.5052 per share on Oslo Børs, primarily to cover incurred tax liabilities, indicating a potential lack of short-term confidence in the company's stock by executives.
- Compliance Disclosure: This transaction adheres to the disclosure requirements under Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act, reflecting the company's commitment to transparency and compliance, which may influence investor perceptions of corporate governance.
- Company Overview: Hafnia is one of the world's leading tanker owners, operating around 200 vessels and providing a fully integrated shipping platform that includes technical management, commercial and chartering services, highlighting its significant role in the global shipping market.
- Global Presence and Workforce: With offices in Singapore, Copenhagen, Houston, and Dubai, Hafnia employs over 4,000 people, underscoring its extensive influence and operational capabilities within the international shipping industry.
See More
Hafnia Signs Contract for Eight Newbuild Tankers
- New Vessel Order: Hafnia has signed a contract with Hyundai Heavy Industries for the construction of eight Medium-Range newbuild product tankers at a total cost of approximately $405 million, with expected delivery between Q3 2028 and Q2 2029, securing early delivery slots at the shipyard and enhancing the company's competitiveness in the MR segment.
- Eco-Friendly Design: The new tankers will feature fuel-efficient designs that support the company's decarbonization efforts, not only improving fleet performance but also enhancing earnings quality, aligning with the global shipping industry's increasing focus on environmental sustainability.
- Long-Term Competitiveness: CEO Mikael Skov stated that the new vessels are expected to bolster the company's long-term competitiveness, positioning Hafnia favorably in future markets, especially as environmental regulations become more stringent.
- Market Reaction: Hyundai Heavy Industries' stock price rose by 9% to KRW 478,500 on the Korean Stock Exchange, reflecting positive market sentiment towards the contract, which may further boost Hafnia's stock performance.
See More
Hafnia Signs Contract for Eight New Product Tankers
- New Vessel Order: Hafnia has signed a contract with Hyundai Heavy Industries for the construction of eight Medium-Range product tankers valued at approximately $405 million, with deliveries expected between Q3 2028 and Q2 2029, marking a strategic advancement in the company's fleet renewal efforts.
- Fuel Efficiency Improvement: The new tankers will utilize proven, fuel-efficient designs that not only secure early delivery positions but also enhance overall earnings quality through scale benefits and predictable performance, supporting disciplined renewal in the MR segment.
- Enhanced Long-term Competitiveness: CEO Mikael Skov stated that this order strengthens Hafnia's long-term earnings base while focusing on fuel efficiency, which supports the company's pathway towards improved decarbonization and enhances customer service capabilities.
- Global Business Presence: As one of the world's leading tanker operators, Hafnia owns around 200 vessels and offers a fully integrated shipping platform, including technical management, commercial and chartering services, showcasing its strong position in the international shipping market.
See More
Hafnia Completes Share Buyback Program
- Completion of Buyback: Hafnia announced on January 27, 2025, the completion of its share buyback program initiated on December 2, 2024, having canceled 12,681,253 shares, which underscores the company's commitment to shareholder returns and boosts market confidence.
- Treasury Shares Cancellation: Additionally, the company canceled 40,000 shares held in its treasury account with its transfer agent, further optimizing its capital structure and enhancing potential earnings per share, reflecting a proactive approach to capital management.
- Total Issued Shares: Following these cancellations, the total number of issued shares stands at 499,842,279, with 60,974 shares held in treasury, indicating the company's ongoing efforts to optimize its equity structure while maintaining adequate liquidity.
- Company Overview: Hafnia is a leading tanker owner operating around 200 vessels, providing a fully integrated shipping platform that includes technical management, commercial and chartering services, showcasing its strong competitive position in the international shipping market.
See More
Hafnia Approves Grant of 964,609 Share Options to Senior Management
- Share Option Grant: The Board of Directors of Hafnia Limited approved the award of 964,609 share options to senior management, with a grant date set for February 26, 2026, aimed at incentivizing management and aligning their interests with long-term company performance.
- Compliance Disclosure: This information is subject to the disclosure requirements under Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act, ensuring transparency and maintaining investor confidence.
- Company Overview: Hafnia is one of the world's leading tanker owners, operating around 200 vessels and providing a fully integrated shipping platform, including technical management, commercial and chartering services, highlighting its strong position in the global shipping market.
- Employee Scale and Global Presence: Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai, employing over 4,000 staff, showcasing its extensive influence and operational capabilities in the global shipping industry.
See More
Hafnia CFO Sells 90,000 Shares to Cover Tax Liabilities
- Executive Sell-off: Hafnia's CFO Perry Van Echtelt sold 90,000 shares on April 7, 2026, at an average price of NOK 79.5052 per share on the Oslo Børs, primarily to cover incurred tax liabilities, indicating a short-term liquidity need from the executive.
- Compliance Disclosure: This transaction adheres to the disclosure requirements under Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act, ensuring transparency and maintaining market trust, reflecting the company's commitment to compliance.
- Company Background: Hafnia Limited is one of the world's leading tanker owners, operating around 200 vessels and offering a fully integrated shipping platform, including technical management and commercial services, showcasing its strong position in the oil and gas transportation sector.
- Global Business Presence: With offices in Singapore, Copenhagen, Houston, and Dubai, and over 4,000 employees, Hafnia demonstrates its extensive influence in the global shipping market and its strategic intent for continued expansion.
See More
Hafnia CFO Sells 90,000 Shares to Cover Tax Liabilities
- Executive Share Sale: Hafnia's CFO Perry Van Echtelt sold 90,000 shares on April 7, 2026, at an average price of NOK 79.5052 per share on Oslo Børs, primarily to cover incurred tax liabilities, indicating a potential lack of short-term confidence in the company's stock by executives.
- Compliance Disclosure: This transaction adheres to the disclosure requirements under Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act, reflecting the company's commitment to transparency and compliance, which may influence investor perceptions of corporate governance.
- Company Overview: Hafnia is one of the world's leading tanker owners, operating around 200 vessels and providing a fully integrated shipping platform that includes technical management, commercial and chartering services, highlighting its significant role in the global shipping market.
- Global Presence and Workforce: With offices in Singapore, Copenhagen, Houston, and Dubai, Hafnia employs over 4,000 people, underscoring its extensive influence and operational capabilities within the international shipping industry.
See More
Hafnia Signs Contract for Eight Newbuild Tankers
- New Vessel Order: Hafnia has signed a contract with Hyundai Heavy Industries for the construction of eight Medium-Range newbuild product tankers at a total cost of approximately $405 million, with expected delivery between Q3 2028 and Q2 2029, securing early delivery slots at the shipyard and enhancing the company's competitiveness in the MR segment.
- Eco-Friendly Design: The new tankers will feature fuel-efficient designs that support the company's decarbonization efforts, not only improving fleet performance but also enhancing earnings quality, aligning with the global shipping industry's increasing focus on environmental sustainability.
- Long-Term Competitiveness: CEO Mikael Skov stated that the new vessels are expected to bolster the company's long-term competitiveness, positioning Hafnia favorably in future markets, especially as environmental regulations become more stringent.
- Market Reaction: Hyundai Heavy Industries' stock price rose by 9% to KRW 478,500 on the Korean Stock Exchange, reflecting positive market sentiment towards the contract, which may further boost Hafnia's stock performance.
See More
Hafnia Signs Contract for Eight New Product Tankers
- New Vessel Order: Hafnia has signed a contract with Hyundai Heavy Industries for the construction of eight Medium-Range product tankers valued at approximately $405 million, with deliveries expected between Q3 2028 and Q2 2029, marking a strategic advancement in the company's fleet renewal efforts.
- Fuel Efficiency Improvement: The new tankers will utilize proven, fuel-efficient designs that not only secure early delivery positions but also enhance overall earnings quality through scale benefits and predictable performance, supporting disciplined renewal in the MR segment.
- Enhanced Long-term Competitiveness: CEO Mikael Skov stated that this order strengthens Hafnia's long-term earnings base while focusing on fuel efficiency, which supports the company's pathway towards improved decarbonization and enhances customer service capabilities.
- Global Business Presence: As one of the world's leading tanker operators, Hafnia owns around 200 vessels and offers a fully integrated shipping platform, including technical management, commercial and chartering services, showcasing its strong position in the international shipping market.
See More
Hafnia Completes Share Buyback Program
- Completion of Buyback: Hafnia announced on January 27, 2025, the completion of its share buyback program initiated on December 2, 2024, having canceled 12,681,253 shares, which underscores the company's commitment to shareholder returns and boosts market confidence.
- Treasury Shares Cancellation: Additionally, the company canceled 40,000 shares held in its treasury account with its transfer agent, further optimizing its capital structure and enhancing potential earnings per share, reflecting a proactive approach to capital management.
- Total Issued Shares: Following these cancellations, the total number of issued shares stands at 499,842,279, with 60,974 shares held in treasury, indicating the company's ongoing efforts to optimize its equity structure while maintaining adequate liquidity.
- Company Overview: Hafnia is a leading tanker owner operating around 200 vessels, providing a fully integrated shipping platform that includes technical management, commercial and chartering services, showcasing its strong competitive position in the international shipping market.
See More
Hafnia Approves Grant of 964,609 Share Options to Senior Management
- Share Option Grant: The Board of Directors of Hafnia Limited approved the award of 964,609 share options to senior management, with a grant date set for February 26, 2026, aimed at incentivizing management and aligning their interests with long-term company performance.
- Compliance Disclosure: This information is subject to the disclosure requirements under Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act, ensuring transparency and maintaining investor confidence.
- Company Overview: Hafnia is one of the world's leading tanker owners, operating around 200 vessels and providing a fully integrated shipping platform, including technical management, commercial and chartering services, highlighting its strong position in the global shipping market.
- Employee Scale and Global Presence: Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai, employing over 4,000 staff, showcasing its extensive influence and operational capabilities in the global shipping industry.
See More
