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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.
Hafnia (NYSE: HAFN) announced a temporary pause in its recently launched $100 million share buyback program. The program, which began on December 2, 2024, will be suspended from December 23, 2024, to January 5, 2025, resuming on January 6, 2025, without additional announcements. All other terms from the initial launch announcement remain unchanged.
Hafnia operates as a leading global tanker owner with approximately 200 vessels, providing integrated shipping services including technical management, commercial services, and pool management. The company employs over 4,000 staff globally across offices in Singapore, Copenhagen, Houston, and Dubai.
Hafnia (NYSE: HAFN) has provided an update on its share buyback program launched on December 2, 2024. From December 16-20, 2024, the company purchased 3,258,014 shares at an average price of $5.18 per share, totaling approximately $16.9 million. The transactions were executed across both the OSE and NYSE trading venues.
The buyback program allows for repurchasing up to 18,000,000 shares for a total amount of up to $100 million through January 27, 2025. Following these transactions, Hafnia owns 9,639,056 of its own shares, representing 1.88% of its total issued share count.
Hafnia (NYSE: HAFN) announced that CFO Perry Van Echtelt sold 300,000 shares at an average price of NOK 56.8482 per share on Oslo B酶rs on December 17, 2024. The sale was primarily conducted to cover tax liabilities.
Hafnia is a leading tanker company operating approximately 200 vessels, providing integrated shipping services including technical management, commercial services, and bunker procurement. The company employs over 4,000 people across offices in Singapore, Copenhagen, Houston, and Dubai, and is part of the BW Group.
Hafnia (NYSE: HAFN) has provided an update on its share buyback program announced on December 2, 2024. From December 9-13, 2024, the company purchased 3,098,684 shares at an average price of $5.38 per share, totaling $16.66 million. The transactions were executed across both the OSE and NYSE platforms.
The cumulative buyback under the program now stands at 5,878,684 shares at an average price of $5.48, totaling $32.2 million. Following these transactions, Hafnia owns 6,381,042 of its own shares, representing 1.24% of its total issued share count. The program, capped at 18 million shares or $100 million, will continue until January 27, 2025.
Hafnia (NYSE: HAFN) has initiated a share buyback program to repurchase up to 18 million shares for a maximum of USD 100 million between December 2, 2024, and January 27, 2025. From December 2-6, 2024, the company purchased 2,780,000 shares at an average price of USD 5.59 per share, totaling USD 15.5 million.
The transactions were executed across both the Oslo Stock Exchange (OSE) and NYSE, with 1,240,000 shares purchased on OSE at an average price of USD 5.54 and 1,540,000 shares on NYSE at USD 5.63. Following these transactions, Hafnia owns 3,282,358 of its own shares, representing 0.64% of its total issued share count.
Hafnia (OSE: HAFNI, NYSE: HAFN) announced that its shares will trade ex-dividend on the Oslo Stock Exchange from December 5, 2024, and on the New York Stock Exchange from December 6, 2024. The dividend amount for the third quarter 2024 is USD 0.3790 per share.
Hafnia is a leading tanker owner operating approximately 200 vessels, providing integrated shipping services including technical management, commercial and chartering services, pool management, and bunker procurement. The company employs over 4,000 people across offices in Singapore, Copenhagen, Houston, and Dubai, and is part of the BW Group.
Hafnia announces a share buyback program of up to USD 100 million from December 2, 2024, to January 27, 2025. The company plans to repurchase up to 18 million shares through Pareto Securities AS on both OSE and NYSE markets. The program aims to reduce outstanding shares and provide returns to shareholders. The buyback amount will be deducted before declaring future dividends to align with the company's payout ratio policy. Purchases will comply with U.S. securities laws and Rule 10b-18 safe harbor provisions.
Hafnia (OSE: HAFNI, NYSE: HAFN) has announced a cash dividend of $0.3790 per share for Q3 2024. For shares registered in Euronext VPS, the last trading day including dividends is December 4, 2024, with payment around December 17, 2024. For shares in the Depository Trust Company, the last trading day including dividends is December 5, 2024, with payment around December 12, 2024. Hafnia operates approximately 200 vessels, providing integrated shipping services including technical management, commercial services, and bunker procurement. The company employs over 4,000 people across offices in Singapore, Copenhagen, Houston, and Dubai.
Hafnia reported strong Q3 2024 financial results with a net profit of USD 215.6 million (USD 0.42 per share), up from USD 146.9 million in Q3 2023. The company achieved record year-to-date net profit of USD 694.4 million. Q3 Time Charter Equivalent earnings were USD 361.6 million with average TCE of USD 33,549 per day. The company's net asset value reached USD 4.6 billion, announcing a 90% dividend payout ratio of USD 0.3790 per share. Hafnia's fleet consists of 115 owned vessels and 15 chartered-in vessels. The company announced a share buyback program of up to USD 100 million from December 2024 to January 2025.
Hafnia (NYSE: HAFN, OSE: HAFNI) has scheduled its Q3 2024 financial results presentation for November 27, 2024, at 08:30 CET. The presentation will feature CEO Mikael Skov, CFO Perry van Echtelt, VP S酶ren Skibdal Winther, and EVP Thomas Andersen. Hafnia, a leading tanker owner operating approximately 200 vessels, will host the event across multiple time zones including Oslo (14:30 CET), New York (08:30 EST), and Singapore (21:30 SGT). The presentation will be accessible via video webcast, with a recording available afterward on the company's investor relations page.
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