Hafnia Limited - HAFN STOCK NEWS

Hafnia (OSE: HAFNI, NYSE: HAFN) held a Scheme Meeting on 11 September 2024, where shareholders approved a scheme of arrangement for the company's redomiciliation from Bermuda to Singapore. The next step is a Sanction Hearing on 19 September 2024, where the Supreme Court of Bermuda will be petitioned to sanction the Scheme. If approved, the redomiciliation is expected to take effect around 1 October 2024, subject to final approvals and conditions.

Hafnia, part of the BW Group, is a leading tanker owner with a fleet of about 200 vessels. The company transports oil, oil products, and chemicals for major companies globally, offering integrated shipping services including technical management, commercial services, and bunker procurement.

Hafnia (OSE: HAFNI, NYSE: HAFN) announced that its shares will trade ex-dividend on the Oslo Stock Exchange from September 2, 2024, and on the New York Stock Exchange from September 3, 2024. The dividend amount is USD 0.4049 per share for the second quarter of 2024. Hafnia is a leading tanker owner, operating around 200 vessels and offering 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 international shipping conglomerate with over 80 years of experience in various maritime sectors.

Hafnia , a leading product tanker company, announced strong financial results for Q2 2024. Key highlights include:

• Net profit of USD 259.2 million (USD 0.51 per share)
• Time Charter Equivalent (TCE) earnings of USD 417.4 million
• Average TCE of USD 39,244 per day
• Adjusted EBITDA of USD 317.1 million
• Net asset value (NAV) of approximately USD 4.5 billion

The company increased its dividend payout ratio to 80% and will distribute USD 207.4 million (USD 0.4049 per share) in dividends. The product tanker market remained strong due to geopolitical tensions, refinery ramp-ups, and increased tonne-mile demand. Hafnia's outlook remains positive, with 72% of Q3 2024 earning days covered at USD 34,934 per day.

Hafnia (OSE: HAFNI, NYSE: HAFN) has announced key information regarding its cash dividend for Q2 2024. The dividend of $0.4049 per share was approved on August 22, 2024. For shares on the Oslo Stock Exchange, the ex-date is September 2, with payment around September 13. For shares in the Depository Trust Company, the ex-date is September 3, with payment around September 10. The record date is September 3, 2024 for all shareholders.

Hafnia, part of the BW Group, is a leading tanker owner operating about 200 vessels. It provides integrated shipping services including technical management, commercial and chartering services, pool management, and bunker procurement. With offices in Singapore, Copenhagen, Houston, and Dubai, Hafnia employs over 4,000 staff onshore and at sea.

Hafnia (OSE: HAFNI, NYSE: HAFN) has announced a Scheme Meeting for eligible shareholders to vote on the company's redomiciliation from Bermuda to Singapore. The meeting is scheduled for September 11, 2024, at 5:00 pm (Bermuda time) and will be held physically in Hamilton, Bermuda. Shareholders of record as of August 6, 2024, are entitled to vote.

If approved and sanctioned by the Supreme Court of Bermuda, the redomiciliation will not affect shareholders' ownership or voting rights. Hafnia will retain its name and stock exchange tickers but will be subject to Singapore corporate law. The company will have a new registration number, ISIN code, and CUSIP number, while maintaining its LEI code. Hafnia's registered office will be relocated to Singapore.

Hafnia (OSE: HAFNI, NYSE: HAFN) will release its H1 / Q2 2024 financial results on 23 August 2024 at approximately 07:30 CET. The company will host an investor presentation featuring CEO Mikael Skov, CFO Perry van Echtelt, and EVPs Jens Christophersen and Thomas Andersen. The presentation will be held at 14:30 CET and accessible via live video webcast.

Hafnia, a leading tanker owner, operates around 200 vessels and offers integrated shipping services including technical management, commercial and chartering services, pool management, and bunker procurement. With offices in Singapore, Copenhagen, Houston, and Dubai, Hafnia employs over 4000 staff onshore and at sea. The company is part of the BW Group, an international shipping conglomerate with over 80 years of experience in various maritime sectors.

Hafnia (OSE: HAFNI, NYSE: HAFN) has announced the result of a court hearing regarding its proposed redomiciliation from Bermuda to Singapore. The Supreme Court of Bermuda has ordered a Scheme Meeting to be held on September 11, 2024, where shareholders will vote on the scheme of arrangement. Shareholders of record as of August 6, 2024, will be eligible to vote. The move is part of Hafnia's strategic plan to discontinue from Bermuda and continue in Singapore.

Hafnia, a leading tanker owner and operator with a fleet of about 200 vessels, provides integrated shipping services including technical management, commercial and chartering services, pool management, and bunker procurement. The company, part of the BW Group, employs over 4,000 people onshore and at sea, with offices in Singapore, Copenhagen, Houston, and Dubai.

Hafnia (OSE: HAFNI, NYSE: HAFN) proposes a redomiciliation from Bermuda to Singapore through a scheme of arrangement. The Supreme Court of Bermuda will hold a hearing on August 5, 2024, to give directions for convening a shareholder meeting. The redomiciliation, expected in Q4 2024, will maintain Hafnia's assets, liabilities, board, and management. The company's name and stock tickers will remain unchanged, but it will receive a new registration number, ISIN code, and CUSIP number. Hafnia's new registered office will be in Singapore.

Hafnia, part of the BW Group, is a leading tanker owner with over 200 vessels, offering integrated shipping services including technical management, commercial and chartering services, pool management, and bunker operations. The company employs over 4,000 people and has offices in Singapore, Copenhagen, Houston, and Dubai.

Hafnia 's LR1 tanker, Hafnia Nile, collided with a VLCC in the South China Sea, resulting in a fire onboard. All crew members were safely rescued, with two suffering minor injuries. The Singapore Maritime Rescue Coordination Centre and an appointed salvor are supporting response efforts. No information on pollution has been reported.

Hafnia, a leading tanker owner with over 200 vessels, is focusing on crew well-being and potential environmental impacts. A full investigation will be conducted to determine the root cause of the incident. The company, part of the BW Group, operates globally with offices in Singapore, Copenhagen, Houston, and Dubai, employing over 5,000 people onshore and at sea.