HAFN News & Events

Hafnia (HAFN) announces that Oaktree Capital Management, L.P. and its affiliates, the controlling shareholder of TORM (TRMD), has accepted, subject to entering into a definitive agreement, Hafnia's offer to acquire approximately 14.1M A shares in TORM, representing approximately 14.45% of TORM's issued share capital. The A shares are priced at $22 per share for a total purchase price of $311,433,342. The completion of the Share Purchase is subject to the parties entering into a definitive agreement and the fulfilment of customary conditions precedent, including among others, obtaining any required regulatory clearances and approvals, satisfaction of certain covenants and appointment of a new independent board chair of TORM.

Reports Q2 revenue 346.6less than vs. $340.3M last year. Reports Q2 NAV per share $6.55. Mikael Skov, CEO of Hafnia, commented: "The positive momentum of Hafnia's second quarter in 2025 has continued into the third quarter, with continued growth in trade volumes and tonne-miles. This has been driven by strong underlying global demand and improved refining margins, which has boosted the spot market. I am pleased to announce that Hafnia reported strong earnings, with a net profit of USD 75.3 million in Q2 2025, with our commercially managed pool and bunker procurement business contributing USD 7.9 million1 of the total result. Our Q2 performance was affected by several vessels undergoing scheduled drydocking, leading to approximately 630 off-hire days during the quarter, and we anticipate another 510 off-hire days in Q3."