HAFNIA LIMITED: Hafnia Enters into Newbuild Agreement for Eight Medium-Range (MR) Product Tankers

03 Apr 2026 08:04 CEST

Singapore, 3 April 2026

Hafnia Limited ("Hafnia” or the "Company", OSE ticker code: “HAFNI”, NYSE ticker
code: “HAFN”) 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.

For further information, please contact:
Mikael Skov
CEO Hafnia Limited
+65 8533 8900

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About Hafnia Limited:

Hafnia is one of the world's leading tanker owners, transporting oil, oil
products and chemicals for major national and international oil companies,
chemical companies, as well as trading and utility companies.

As owners and operators of around 200 vessels, we offer a fully integrated
shipping platform, including technical management, commercial and chartering
services, pool management, and a large-scale bunker procurement desk. Hafnia has
offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over
4000 employees onshore and at sea.

Hafnia is part of the BW Group, an international shipping group involved in oil
and gas transportation, floating gas infrastructure, environmental technologies,
and deep-water production for over 80 years.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

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