Sherif El Maghraby's questions to Hafnia Ltd (HAFN) leadership • Q2 2024
Question
Sherif El Maghraby inquired about how the startup of Nigeria's Dangote refinery has altered trade flows and its expected future impact. He also asked if the four new methanol-capable vessels are expected to run on methanol upon delivery and about the general availability of methanol bunkering.
Answer
EVP Commercial, Jens Christophersen, responded that the Dangote refinery has so far been a net positive, creating more trading activity. He sees potential for the refinery to export higher-spec products, benefiting the tanker market. Regarding the newbuilds, he clarified that the choice of fuel is up to the charterer, TotalEnergies, and that it is too early to comment on the broader availability of methanol bunker fuel.