Strong Financial Performance
Hafnia achieved a net profit of $63.2 million in Q1 2025, demonstrating operational strength despite 500 off-hire days for maintenance.
TCE Income Achievements
Generated TCE income of $218.8 million, underscoring strong core operations even during maintenance periods.
Bunkering and Adjacent Business Success
Adjacent fee-generating pool and bunkering businesses contributed $7.9 million to the overall results.
Dividend Payout Strategy
Announced a payout ratio of 80% for the quarter, representing a total dividend of $50.6 million and effectively increasing total payout ratio to 123%.
Fleet and Asset Value
The fleet comprised 125 vessels with a net asset value of approximately $3.4 billion, reflecting significant opportunities for enhanced operational efficiency.
Sustainability Initiatives
Introduction of dual fuel methanol chemical IMO II medium range product tankers as part of a joint venture with Socatra of France.
Market Outlook and Demand
Global demand and spot market improvements set a positive tone for the remainder of 2025, with trade volumes and ton miles seeing an increase.
Seascale Energy Joint Venture
Commencement of operations with Cargill in May, aiming to become one of the world's largest bunker procurement companies.