Medium-range (MR) product tankers are oceangoing ships sized to carry refined petroleum products—like gasoline, diesel and jet fuel—over regional and short intercontinental routes. Think of them as the midsize delivery trucks of the maritime fuel industry: large enough to move substantial volumes between ports but small enough to serve many different routes and terminals. Investors watch MR tanker demand and freight rates because they directly affect charter income, vessel values and shipping companies’ profitability.
bunker procurement desktechnical
A bunker procurement desk is the team or function that buys and manages the fuel (called bunker fuel) used to power ships and other large marine vessels. It matters to investors because fuel is often one of the largest operating costs for shipping and logistics firms; decisions about timing, price negotiations, and storage are like choosing when to fill your car and whether to lock in a pump price, and they directly affect profit margins, cash flow and exposure to fuel-price swings.
decarbonizationtechnical
Decarbonization is the process of cutting a company’s greenhouse gas emissions across its operations, supply chain and products by switching to cleaner energy, improving efficiency and changing materials or processes. For investors it matters because lower emissions can reduce regulatory and energy costs, limit legal and reputational risks, and signal long-term competitiveness—like a business replacing a gas-guzzling fleet with fuel-efficient or electric vehicles to save money and stay compliant.
norwegian securities trading actregulatory
The Norwegian Securities Trading Act is the national law that sets the rules for buying, selling and offering financial instruments in Norway, including requirements for fair disclosure, market conduct and investor protection. For investors it matters because it helps ensure companies and intermediaries provide accurate information and prevents abusive trading, much like traffic laws make driving safer and predictable so people can trust the market and make informed decisions.
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SINGAPORE--(BUSINESS WIRE)--
Hafnia Limited ("Hafnia” or the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) announces that it has signed a contract for the construction of eight Medium-Range (MR) newbuild product tankers at Hyundai Heavy Industries.
The total purchase price is approximately USD 405 million, with deliveries expected between the third quarter of 2028 and the second quarter of 2029.
“We are pleased to return to Hyundai Heavy Industries with an order of eight modern MR vessels. This program secures early-delivery positions at a leading yard and builds on proven, fuel-efficient designs. The series delivers scale benefits and predictable performance across the fleet whilst strengthening earnings quality and supporting disciplined renewal of our MR segment. With a continued focus on fuel efficiency, these vessels support our pathway towards improved decarbonization while enhancing both our customer offering and long-term competitiveness. Overall, this agreement marks a strong commercial step in strengthening Hafnia’s long-term earnings base,” says Hafnia’s CEO Mikael Skov.
About Hafnia Limited:
Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.
As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.
Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
