Kristoffer Skeie's questions to Hafnia Ltd (HAFN) leadership • Q1 2025
Question
Kristoffer Skeie from Arctic Securities inquired about the anticipated market impact from the recent OPEC+ decision to increase output on product tanker loadings and also asked for the current earnings levels for Handy-size tankers.
Answer
Søren Winther, VP of Commercial, stated that the OPEC+ production increase is fundamentally positive. He explained it supports crude tanker rates, reducing their cannibalization of the product tanker fleet, and also leads to higher refinery activity and trade volumes. He noted this strengthens the structural outlook for the remainder of the year. He also specified that Handy-size vessels are currently earning in the low $20,000s per day, similar to MRs.