HAFN represents the best value in what I believe will be a multiyear up cycle in the refined product shipping industry. HAFN's dividend is currently producing a 21% yield. Following structural changes in the refining industry and the low vessel order book, I believe high teen yields are sustainable. HAFN shows leading performance metrics in terms of break-even rates, fleet age, EV to EBITDA valuation, and dividend yield.
Hafnia Limited (NYSE:HAFN ) Q2 2024 Earnings Call Transcript August 23, 2024 8:30 AM ET Company Participants Mikael Skov - CEO Jens Christophersen - EVP, Commercial Perry Van Echtelt - CFO Conference Call Participants Omar Nokta - Jefferies Frode Morkedal - Clarksons Platou Securities AS Operator Welcome to Hafnia Second Quarter 2024 Financial Results Presentation. We will begin shortly.
| Marine Transportation Industry | Industrials Sector | Mikael Opstun Skov CEO | XOSL Exchange | BMG4233B1090 ISIN |
| BM Country | 4,959 Employees | 23 May 2025 Last Dividend | - Last Split | - IPO Date |
Hafnia Limited is a Bermuda-based company recognized for its significant presence in the oil tanker industry. With a primary focus on owning and operating oil product tankers, Hafnia Limited's operations span several key market segments including Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized vessels. These operations cater to the logistical needs of a diverse client base, comprising national and international oil companies, chemical companies, trading, and utility companies. The company's fleet, which totals 200 vessels, is equipped for the transportation of a wide variety of cargo, ranging from clean and dirty refined oil products to vegetable oil and easy chemicals. Hafnia Limited integrates extensive industry expertise with a broad service offering, underpinning its leading position in the maritime transportation sector.
Hafnia Limited's core offering involves the transportation of clean and dirty refined oil products, vegetable oil, and easy chemicals. The company's fleet of 200 vessels is strategically diversified across the Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments to meet the specific needs of national and international oil companies, and chemical companies, as well as trading and utility companies.
At Hafnia Limited, ship owning and management services form a cornerstone of its business model. These services are designed to ensure optimal operational efficiency and safety of the fleet, reinforcing the company's commitment to delivering reliable and high-quality service to its clientele.
Hafnia Limited's investment services are crafted to leverage market opportunities and drive growth. The company employs a strategic approach to investment, focusing on areas that enhance its core business activities and contribute to the overall strength of its fleet and service offerings.
This subset of services underscores Hafnia Limited's dedication to maintaining high standards of corporate governance and operational management. It ensures that all facets of the company's operations are aligned with industry best practices and regulatory requirements.
Hafnia Limited provides comprehensive agency office services, facilitating efficient and effective communication and coordination between the company and its various stakeholders. This service is vital for maintaining smooth operations across its global footprint.
The company offers an integrated shipping platform that encompasses technical management, commercial and chartering services, pool management, and a large-scale bunker desk. This comprehensive service suite enables Hafnia Limited to deliver a seamless and efficient shipping experience to its clients, reinforcing its market-leading position.