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SEC filingHafnia Limited signed a contract for eight Medium-Range product tanker newbuilds at Hyundai Heavy Industries for approximately USD 405 million, with deliveries from Q3 2028 to Q2 2029.
Hafnia Limited has entered into a significant newbuild agreement for eight modern Medium-Range (MR) product tankers with Hyundai Heavy Industries, totaling approximately USD 405 million. This transaction represents a strategic fleet renewal initiative, securing early-delivery slots at a premier shipyard known for proven, fuel-efficient vessel designs. CEO Mikael Skov emphasized that the program delivers scale benefits, predictable performance, and strengthens earnings quality in the MR segment while supporting disciplined renewal. The focus on fuel efficiency aligns with Hafnia's decarbonization goals, enhancing long-term competitiveness and customer offerings. With deliveries scheduled from Q3 2028 through Q2 2029, this agreement bolsters Hafnia's position as a leading tanker owner operating around 200 vessels, reinforcing its integrated shipping platform amid ongoing industry demands for modern, efficient tonnage.