Hafnia Limited has signed a USD 405 million contract with Hyundai Heavy Industries for eight fuel-efficient MR product tankers. Scheduled for delivery between 2028 and 2029, this strategic fleet renewal enhances Hafnia’s decarbonization pathway and long-term earnings base in the global energy market.
Singapore | April 3, 2026 – Hafnia Limited, a global leader in the tanker segment, has officially signaled its commitment to long-term fleet excellence by announcing a landmark agreement for the construction of eight Medium-Range (MR) product tankers.
The deal, signed with world-renowned shipbuilder Hyundai Heavy Industries, represents a total investment of approximately USD 405 million. The series is scheduled for delivery between Q3 2028 and Q2 2029, securing Hafnia’s position at the forefront of the next generation of energy transport.
Strategic Renewal in a Decarbonizing Market
This acquisition isn’t just about adding hulls; it’s a calculated move toward extreme fuel efficiency. As the maritime industry moves deeper into the 2026 regulatory landscape, Hafnia is prioritizing “proven, fuel-efficient designs” to ensure their fleet remains competitive under tightening carbon intensity standards.
“This program secures early-delivery positions at a leading yard and builds on proven, fuel-efficient designs,” says Hafnia CEO Mikael Skov. “With a continued focus on fuel efficiency, these vessels support our pathway towards improved decarbonization while enhancing both our customer offering and long-term competitiveness.”
Scaling for Earnings Quality
By ordering a uniform series of eight vessels, Hafnia leverages significant scale benefits. The move is designed to:
- Strengthen Earnings Quality: Modern vessels command higher charter rates and lower operational costs.
- Predictable Performance: The Hyundai-built series ensures technical consistency across the MR segment.
- Disciplined Renewal: Replacing older tonnage with state-of-the-art assets reduces the average fleet age.
A Global Powerhouse Profile
As a member of the BW Group, Hafnia continues to operate one of the world’s most integrated shipping platforms. With roughly 200 vessels under management and a massive bunker procurement network, this newbuild agreement further solidifies their role as a preferred partner for national oil companies and global traders.
The investment underscores a bullish outlook for the MR tanker market, where modern, eco-designed tonnage is becoming the “gold standard” for transporting refined oil products and chemicals.
About Hafnia Limited
Hafnia is a global leader in the tanker industry, specialized in the safe and efficient transport of petroleum products, and chemicals for the world’s most prominent energy and utility companies. Operating a massive, fully integrated platform, Hafnia manages a fleet of approximately 200 vessels, providing comprehensive services that include technical management, commercial chartering, and a high-volume bunker procurement network. With a strategic presence in Singapore, Copenhagen, Houston, and Dubai, the firm maintains a workforce of over 4,000 professionals dedicated to operational excellence.
As a key member of the BW Group, Hafnia leverages over 80 years of maritime heritage and innovation. This affiliation connects the company to a broader ecosystem of maritime infrastructure, including floating gas solutions and environmental technologies. By focusing on modern, fuel-efficient designs and disciplined fleet renewal, Hafnia continues to set the standard for sustainability and competitiveness in the international product tanker market.
Source: Hafnia