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HAFNIA LIMITED: Successful Completion of the Redomiciliation to Singapore

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Hafnia (OSE: HAFNI, NYSE: HAFN) has successfully completed its redomiciliation from Bermuda to Singapore. The process involved a court-sanctioned scheme of arrangement, which has been approved by the Supreme Court of Bermuda and the Singapore Accounting and Corporate Regulatory Authority. As of today, Hafnia is officially incorporated in Singapore with the registration number 202440137E.

Hafnia, a leading tanker owner and operator, manages around 200 vessels and offers integrated shipping services including technical management, commercial and chartering services, pool management, and bunker procurement. The company employs over 4000 people onshore and at sea, with offices in Singapore, Copenhagen, Houston, and Dubai. Hafnia is part of the BW Group, an established international shipping conglomerate.

Hafnia (OSE: HAFNI, NYSE: HAFN) ha completato con successo il suo processo di trasferimento della sede legale da Bermuda a Singapore. Il processo ha coinvolto uno schema di accordo autorizzato dal tribunale, approvato dalla Corte Suprema di Bermuda e dall'Autorità di Contabilità e Regolamentazione Aziendale di Singapore. A partire da oggi, Hafnia è ufficialmente registrata a Singapore con il numero di registrazione 202440137E.

Hafnia, un importante proprietario e operatore di petroliere, gestisce circa 200 navi e offre servizi di navigazione integrati tra cui gestione tecnica, servizi commerciali e di noleggio, gestione pool e approvvigionamento di bunker. L'azienda impiega oltre 4000 persone a terra e in mare, con uffici a Singapore, Copenaghen, Houston e Dubai. Hafnia fa parte del BW Group, un consolidato conglomerato internazionale di navigazione.

Hafnia (OSE: HAFNI, NYSE: HAFN) ha completado con éxito su re-domiciliación de Bermuda a Singapur. El proceso involucró un esquema de arreglo sancionado por la corte, que ha sido aprobado por la Corte Suprema de Bermuda y la Autoridad de Regulación Contable y Corporativa de Singapur. A partir de hoy, Hafnia está oficialmente registrada en Singapur con el número de registro 202440137E.

Hafnia, un importante propietario y operador de buques cisterna, gestiona alrededor de 200 embarcaciones y ofrece servicios de transporte integrados, incluyendo gestión técnica, servicios comerciales y de fletamento, gestión de pool y aprovisionamiento de combustible. La empresa emplea a más de 4000 personas en tierra y en el mar, con oficinas en Singapur, Copenhague, Houston y Dubái. Hafnia es parte del BW Group, un conglomerado internacional de navegación establecido.

하프니아(Hafnia) (OSE: HAFNI, NYSE: HAFN)는 버뮤다에서 싱가포르로의 법인 이전을 성공적으로 완료했습니다. 이 과정은 법원에서 승인한 합의 계획을 포함하며, 버뮤다 대법원과 싱가포르 회계 및 기업 규제 기관의 승인을 받았습니다. 오늘부로 하프니아는 등록 번호 202440137E로 공식적으로 싱가포르에 등록되었습니다.

하프니아는 주요 유조선 소유 및 운영업체로서 약 200척의 선박을 관리하며, 기술 관리, 상업 및 전세 서비스, 풀 관리 및 벙커 조달을 포함한 통합 배송 서비스를 제공합니다. 이 회사는 싱가포르, 코펜하겐, 휴스턴, 두바이에 사무소를 두고 있으며, 육상 및 해상에서 4000명 이상을 고용하고 있습니다. 하프니아는 확립된 국제 해운 대기업인 BW 그룹의 일부입니다.

Hafnia (OSE: HAFNI, NYSE: HAFN) a réussi à transférer son siège de Bermudes à Singapour. Le processus a impliqué un schéma d'arrangement autorisé par le tribunal, qui a été approuvé par la Cour suprême des Bermudes et l'Autorité de réglementation comptable et des entreprises de Singapour. À partir d'aujourd'hui, Hafnia est officiellement incorporée à Singapour avec le numéro d'enregistrement 202440137E.

Hafnia, un acteur majeur dans le domaine des tankers, gère environ 200 navires et propose des services d'expédition intégrés, y compris la gestion technique, des services commerciaux et de fret, la gestion de pool et l'approvisionnement en combustible. L'entreprise emploie plus de 4000 personnes à terre et en mer, avec des bureaux à Singapour, Copenhague, Houston et Dubaï. Hafnia fait partie du BW Group, un conglomérat maritime international établi.

Hafnia (OSE: HAFNI, NYSE: HAFN) hat erfolgreich seinen Sitz von Bermuda nach Singapur verlegt. Der Prozess umfasste ein gerichtlich genehmigtes Arrangement, das vom Obersten Gerichtshof von Bermuda und der Behörde für Rechnungslegung und Unternehmensregulierung von Singapur genehmigt wurde. Ab heute ist Hafnia offiziell in Singapur unter der Registrierungsnummer 202440137E eingetragen.

Hafnia, ein führender Eigentümer und Betreiber von Tankern, verwaltet rund 200 Schiffe und bietet integrierte Schifffahrtsdienstleistungen an, einschließlich technischer Verwaltung, kommerziellen und Charterdiensten, Poolmanagement und Bunkerbeschaffung. Das Unternehmen beschäftigt über 4000 Mitarbeiter an Land und zur See, mit Büros in Singapur, Kopenhagen, Houston und Dubai. Hafnia ist Teil der BW Group, eines etablierten internationalen Schifffahrtskonglomerats.

Positive
  • Successful redomiciliation to Singapore, potentially offering strategic and regulatory advantages
  • Large fleet of approximately 200 vessels, indicating significant market presence
  • Fully integrated shipping platform offering diverse services
  • Global presence with offices in key maritime hubs
  • Part of the established BW Group, suggesting strong industry backing
Negative
  • None.

Insights

The successful redomiciliation of Hafnia from Bermuda to Singapore marks a significant corporate restructuring event. This move could have several implications:

  • Potential tax benefits and more favorable regulatory environment in Singapore
  • Enhanced access to Asian capital markets and investors
  • Improved operational efficiency given the company's existing presence in Singapore
  • Possible changes in corporate governance structure to align with Singapore's regulations

While the immediate impact on day-to-day operations may be minimal, this strategic move positions Hafnia for potential long-term benefits in terms of financial flexibility and market positioning. Investors should monitor for any changes in financial reporting standards or shareholder rights following this transition.

Hafnia's redomiciliation to Singapore reinforces the city-state's status as a global maritime hub. For a company operating around 200 vessels in the tanker segment, this move aligns with industry trends of consolidating operations in key shipping centers. Singapore offers:

  • A strategic location for managing Asian and global trade routes
  • Advanced port infrastructure and maritime services
  • A robust legal framework for shipping and maritime businesses

This transition may enhance Hafnia's ability to navigate the complex landscape of international shipping regulations and capitalize on emerging opportunities in the Asia-Pacific region. However, the immediate impact on the company's market position or financial performance is likely to be neutral, as the core business operations remain unchanged.

SINGAPORE--(BUSINESS WIRE)-- Reference is made to the stock exchange announcement made by Hafnia Limited (“Hafnia” or the “Company”, OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) on 20 September 2024 regarding the subsequent court hearing (the "Sanction Hearing") at which the Supreme Court of Bermuda (the "Court") sanctioned the scheme of arrangement (the "Scheme") between the Company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended in order to effect a discontinuance of the Company from Bermuda and continuance to Singapore and adopt the constitution of the Company which will take effect upon continuance in Singapore (the "Redomiciliation"). The court order has been filed with the Registrar of Companies in Bermuda and the Company has obtained the final approval by the Singapore Accounting and Corporate Regulatory Authority.

All conditions to the Scheme as set out in the Scheme have been satisfied or waived, the Redomiciliation has become effective, and the Company is incorporated in Singapore, as of today. The Company's registration number in Singapore is 202440137E. The Company has applied for a new ISIN code and a new CUSIP code and will make a further announcement with the new ISIN code and the new CUSIP code in due course.

About Hafnia Limited:

Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.

As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.

Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Mikael Skov

CEO Hafnia Limited

+65 8533 8900

Source: Hafnia Limited

FAQ

What is Hafnia 's new registration number in Singapore after redomiciliation?

Hafnia 's new registration number in Singapore is 202440137E.

How many vessels does Hafnia (HAFN) operate?

Hafnia operates around 200 vessels.

What services does Hafnia (HAFN) offer in its integrated shipping platform?

Hafnia offers technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk.

How many employees does Hafnia (HAFN) have?

Hafnia employs over 4000 employees onshore and at sea.

What was the process for Hafnia 's (HAFN) redomiciliation to Singapore?

The redomiciliation involved a court-sanctioned scheme of arrangement approved by the Supreme Court of Bermuda and the Singapore Accounting and Corporate Regulatory Authority.

Hafnia Limited

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