Hafnia Limited Q1 2023 Earnings Report

Hafnia Limited reported Q1 2023 net profit of USD 256.6 million, the company's best Q1 result to date, driven by strong product tanker market rates and a modern fleet of 124 vessels. The company announced a 60% dividend payout ratio of USD 154.0 million and maintained strategic fleet renewal through new LNG dual-fuel newbuilds and vessel acquisitions. With NAV of approximately USD 3.4 billion and positive market conditions expected through 2023, Hafnia anticipates continued strong utilization and shareholder returns.