Hafnia Limited announces that it has signed a contract for the construction of eight Medium-Range (MR) newbuild product tankers at Hyundai Heavy Industries.
The total purchase price is approximately USD 405 million, with deliveries expected between the third quarter of 2028 and the second quarter of 2029.
‘We are pleased to return to Hyundai Heavy Industries with an order of eight modern MR vessels. This program secures early-delivery positions at a leading yard and builds on proven, fuel-efficient designs. The series delivers scale benefits and predictable performance across the fleet whilst strengthening earnings quality and supporting disciplined renewal of our MR segment. 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. Overall, this agreement marks a strong commercial step in strengthening Hafnia’s long-term earnings base,’ says Hafnia’s CEO Mikael Skov.