Q3 Tce Earnings $118.5 Million

Hafnia

20/11/2020 07:50

Nov 20 (Reuters) - Hafnia Ltd  HAFNIA.OL :
    * HAFNIA LTD - Q3 TCE EARNINGS $118.5 MILLION VERSUS $106.7 MILLION YEAR AGO
    * HAFNIA LTD - EBITDA WAS USD 51.7 MILLION IN Q3 2020 (Q3 2019: 50.0 MILLION).
    * HAFNIA LTD - PRODUCT TANKER MARKET IN Q4 2020 THUS FAR HAS BEEN AN EXTENSION OF THE
SUPPRESSED
MARKET IN Q3 2020
    * HAFNIA LTD - PRODUCT TANKER MARKET OUTLOOK AT PRESENT REMAINS SOMEWHAT BEARISH SHORT TERM
    * HAFNIA LTD - IN Q3 2020, HAFNIA ACHIEVED A NET PROFIT OF USD 0.4 MILLION (Q3 2019: NET
LOSS OF
10.6 MILLION)
    * HAFNIA LTD - WINTER SEASONALITY IS EXPECTED TO HAVE A POSITIVE IMPACT ON THE PRODUCT
TANKER
MARKET
    * HAFNIA LTD - STILL BELIEVES THAT FURTHER CONSOLIDATION IS NEEDED WITHIN PRODUCT TANKER
SECTOR TO
FULLY UNLEASH VALUE AND SYNERGIES FROM ADDITIONAL OPERATIONAL SCALE

Source text for Eikon:  ID:nObig0zzta 
Further company coverage:  HAFNIA.OL 

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