Hafnia Announces $405M Order for Eight New Product Tankers

Apr 03, 2026 06:41 UTC

HAFN

Short term

Hafnia Ltd. has signed a contract with Hyundai Heavy Industries for the construction of eight new product tankers, aiming to enhance its fleet efficiency and support decarbonization efforts.

Hafnia orders eight MR product tankers from Hyundai Heavy Industries for $405 million.
Vessels are set to be delivered between Q3 2028 and Q2 2029.
The new tankers are designed to be fuel-efficient, supporting Hafnia's decarbonization goals.
CEO Mikael Skov anticipates improved earnings and long-term competitiveness from the new fleet.
Hyundai Heavy Industries' stock is down 9% at KRW478,500, though the impact of Hafnia's order is unclear.

Hafnia Ltd. (HAFN) has entered into an agreement with Hyundai Heavy Industries to build eight Medium-Range (MR) product tankers for a total cost of $405 million. The vessels are scheduled for delivery between the third quarter of 2028 and the second quarter of 2029. This order is part of Hafnia's strategy to modernize its fleet with fuel-efficient designs, which the company believes will improve operational performance and align with its sustainability goals. The company's CEO, Mikael Skov, highlighted that the new tankers are expected to boost earnings quality and strengthen Hafnia's competitive position in the long term. Hyundai Heavy Industries' stock is currently down 9% at KRW478,500 on the Korean Stock Exchange, though the connection to Hafnia's order is not immediately clear. The transaction reflects Hafnia's commitment to updating its MR tanker segment, which could influence its financial performance and market positioning in the shipping and commodities sectors.