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Hafnia Limited - HAFN STOCK NEWS

Welcome to our dedicated page for Hafnia news (Ticker: HAFN), a resource for investors and traders seeking the latest updates and insights on Hafnia stock.

Hafnia Limited (symbol: HAFN) is a prominent shipping company that specializes in the transportation of oil and oil products. The company owns and operates an extensive fleet of oil product tankers, providing reliable and efficient transportation services. Hafnia's operations are segmented into four core areas: LR2 Product Tankers, LR1 Product Tankers, MR and Chemical-MR, and Handy and Chemical-Handy. Generating the most revenue, the LR1 Product Tankers segment is a vital component of Hafnia's business.

Hafnia excels in fleet and bunkers services, ensuring seamless and timely transportation of oil commodities across the globe. The company's robust infrastructure and advanced operational capabilities make it a trusted partner in the shipping industry.

Recent achievements and ongoing projects underscore Hafnia's commitment to excellence and innovation. The company continues to expand its fleet, incorporating state-of-the-art tankers designed for maximum efficiency and environmental sustainability. Hafnia's strategic partnerships and collaborations enhance its service offerings, contributing to its strong market position.

Financially, Hafnia Limited remains stable and growth-oriented. Its strategic investments and efficient operational management ensure sustained profitability and resilience in the competitive shipping sector.

Stay updated with the latest news and developments from Hafnia Limited to understand its performance and industry impact better.

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Hafnia (OSE: HAFNI, NYSE: HAFN) proposes a redomiciliation from Bermuda to Singapore through a scheme of arrangement. The Supreme Court of Bermuda will hold a hearing on August 5, 2024, to give directions for convening a shareholder meeting. The redomiciliation, expected in Q4 2024, will maintain Hafnia's assets, liabilities, board, and management. The company's name and stock tickers will remain unchanged, but it will receive a new registration number, ISIN code, and CUSIP number. Hafnia's new registered office will be in Singapore.

Hafnia, part of the BW Group, is a leading tanker owner with over 200 vessels, offering integrated shipping services including technical management, commercial and chartering services, pool management, and bunker operations. The company employs over 4,000 people and has offices in Singapore, Copenhagen, Houston, and Dubai.

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Hafnia 's LR1 tanker, Hafnia Nile, collided with a VLCC in the South China Sea, resulting in a fire onboard. All crew members were safely rescued, with two suffering minor injuries. The Singapore Maritime Rescue Coordination Centre and an appointed salvor are supporting response efforts. No information on pollution has been reported.

Hafnia, a leading tanker owner with over 200 vessels, is focusing on crew well-being and potential environmental impacts. A full investigation will be conducted to determine the root cause of the incident. The company, part of the BW Group, operates globally with offices in Singapore, Copenhagen, Houston, and Dubai, employing over 5,000 people onshore and at sea.

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On July 11, 2024, Hafnia (OSE ticker: "HAFNI", NYSE ticker: "HAFN") entered into a shareholder rights agreement with BW Group , its major shareholder holding approximately 42.94% of Hafnia's common shares.

This agreement grants BW Group specific corporate governance rights, allowing them to nominate a number of directors based on their ownership percentage. It also provides BW Group with registration rights, enabling them to demand the filing of a registration statement for the resale of their shares, including shelf registration statements and piggy-back registration rights for U.S. public offerings.

These rights are subject to minimum offering requirements and customary terms. Hafnia is a leading tanker owner, managing over 200 vessels and serving major oil and chemical companies worldwide.

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Hafnia , a leading tanker owner, conducted its 2024 Annual General Meeting on July 10, 2024. Key resolutions include maintaining up to eight directors, re-electing directors Mr. Andreas Sohmen-Pao, Mr. Erik Bartnes, Mr. Peter Read, Mr. John Ridgway, and Ms. Su Yin Anand, and re-appointing Mr. Andreas Sohmen-Pao as Chairman. The AGM approved directors' and committee members' fees, re-appointed KPMG LLP as auditors, and authorized the board to determine auditor remuneration. Additionally, the AGM authorized the directors to purchase and issue shares, conditional on redomiciliation completion. Hafnia operates over 200 vessels and employs 4000 staff globally, offering comprehensive shipping services.

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On July 8, 2024, Hafnia 's CFO Perry Van Echtelt exercised vested options under the 2022 LTIP program. The options will be settled by transferring treasury shares to him, leaving Hafnia with 502,358 treasury shares. This notification complies with EU Market Abuse Regulation and Norwegian Securities Trading Act requirements. Hafnia, a leading tanker owner, operates over 200 vessels, transporting oil and chemicals globally. The company is part of the BW Group and employs over 4000 staff.

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Mikael Skov, CEO of Hafnia, sold 1,000,000 shares of the company at NOK 87.7775 per share on July 3, 2024, at Oslo Børs. The total transaction value is NOK 87,777,500. This sale is disclosed under the EU Market Abuse Regulation and the Norwegian Securities Trading Act. Hafnia, a leading tanker owner with over 200 vessels, provides integrated shipping services, including technical management, commercial and chartering services, and pool management. The company operates globally with offices in Singapore, Copenhagen, Houston, and Dubai, and employs over 4,000 people. Hafnia is part of the BW Group, a major player in oil and gas transportation and related industries for over 80 years.

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On June 27, 2024, Hafnia issued 2,311,785 new shares to BW Group to settle shares borrowed under a previous share lending agreement. This issuance brings the total outstanding shares to 512,563,532, each with a nominal value of USD 0.01. The transaction was conducted outside a trading venue. Hafnia, a major player in oil, oil product, and chemical transportation, operates over 200 vessels and employs more than 4000 employees globally. Hafnia is part of BW Group, a longstanding international shipping organization.

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On June 3, 2024, Mikael Skov, CEO of Hafnia , exercised options under the Company's LTIP 2022 program.

The exercised options, totaling 731,687, will be settled with the transfer of treasury shares. Post-transfer, Hafnia will hold 661,946 treasury shares.

This transaction is regulated by the EU Market Abuse Regulation and the Norwegian Securities Trading Act.

Hafnia is a leading global tanker owner, operating over 200 vessels and employing over 4000 personnel.

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Hafnia announced the accelerated vesting of options under its 2022 Long-Term Incentive Plan (LTIP 2022) for senior management and key employees. Originally set to vest in March 2025, the options will now vest on 30 May 2024. As of 1 May 2024, there are 1,849,428 outstanding options under this plan. Additionally, Hafnia has a restricted share unit (RSU) program with 462,357 RSUs that are set to vest on 15 March 2025. To facilitate the delivery of shares to employees, Hafnia has entered into a share lending agreement with BW Group , its largest shareholder, for 2,311,785 shares, which will be re-delivered by issuing new shares at USD 0.01 per share. Hafnia will hold 2,351,785 treasury shares following this transaction.

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Hafnia (HAFN) announced on 28 May 2024, a share lending agreement with BW Group BW Group, the largest shareholder and closely associated with Hafnia's Chairman Andreas Sohmen-Pao, lent 2,311,785 shares to Hafnia on 27 May 2024. These shares will be redelivered by Hafnia issuing new shares at USD 0.01 per share. Hafnia, a leading tanker owner, operates over 200 vessels and employs over 4000 people globally. This disclosure follows EU Market Abuse Regulation requirements. The attached notification provides further transaction details.

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FAQ

What does Hafnia Limited do?

Hafnia Limited specializes in the transportation of oil and oil products, owning and operating a fleet of oil product tankers.

What are the core segments of Hafnia's operations?

Hafnia operates through four segments: LR2 Product Tankers, LR1 Product Tankers, MR and Chemical-MR, and Handy and Chemical-Handy.

Which segment generates the most revenue for Hafnia?

The LR1 Product Tankers segment generates the most revenue for Hafnia Limited.

What services does Hafnia offer?

Hafnia offers fleet and bunkers services, providing efficient transportation of oil commodities globally.

What recent achievements has Hafnia made?

Hafnia has been expanding its fleet with state-of-the-art tankers and forming strategic partnerships to enhance its service offerings.

How is Hafnia's financial condition?

Hafnia Limited remains financially stable and growth-oriented, with strategic investments and efficient management ensuring sustained profitability.

What makes Hafnia a trusted partner in the shipping industry?

Hafnia's robust infrastructure, advanced operational capabilities, and commitment to excellence and innovation make it a trusted partner.

What is Hafnia's focus on environmental sustainability?

Hafnia is incorporating state-of-the-art tankers designed for maximum efficiency and environmental sustainability into its fleet.

Why is it important to follow Hafnia's latest news?

Following Hafnia's latest news keeps you informed about the company's performance, achievements, and industry impact.

How does Hafnia maintain its strong market position?

Hafnia maintains its strong market position through strategic investments, partnerships, and expanding its fleet with advanced tankers.

Hafnia Limited

NYSE:HAFN

HAFN Rankings

HAFN Stock Data

4.04B
512.56M
54.21%
20.22%
0.21%
Marine Shipping
Industrials
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United States of America
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