Brief: Hafnia Says Outlook Remains Positive For Rest Of 2024

Hafnia

15/05/2024 06:36

May 15 (Reuters) - Hafnia Ltd  HAFNI.OL :
    * STRENGTH OF PRODUCT TANKER MARKET CONTINUED INTO 2024 FROM
2023
DUE TO VESSELS BEING REROUTED ON LONGER VOYAGES VIA CAPE OF GOOD
HOPE
    * THIS RESULTED IN HIGHER SPOT RATES ACROSS ALL SEGMENTS
COMPARED
TO PREVIOUS QUARTER
    * DIVIDEND PAYOUT RATIO OF 80%, TRANSLATING TO A DIVIDEND OF
USD
175.7 MILLION OR USD 0.3443 PER SHARE
    * PRODUCT TANKER MARKET WAS SIGNIFICANTLY IMPACTED BY EVENTS
IN
RED SEA, CAUSING VESSELS TO TAKE LONGER ROUTES
    * LOOKING AHEAD TO REST OF 2024, OUTLOOK REMAINS POSITIVE
    * THIS IS MAINLY DUE TO REFINERY DISLOCATIONS AND RAMP-UPS
EXPECTED IN MIDDLE EAST, ALONGSIDE MINIMAL GROWTH IN TANKER
SUPPLY
    * FIRM OIL DEMAND, PARTICULARLY FROM CHINA AND INDIA, ALSO
CONTRIBUTES TO THIS POSITIVE OUTLOOK

Source text for Eikon:  ID:nObibvsX3a 
Further company coverage:  HAFNI.OL 

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