Hafnia Ltd

Mikael Skov serves as CEO and guides overall strategy. Commercial chartering and pool management decisions are handled by an in-house desk in Singapore, while fleet acquisitions and divestitures are approved at the board level, where BW Group exercises influence through its significant anchor shareholding.

Hafnia is a publicly listed commercial tanker operator, not a family office. However, the Sohmen-Pao family's BW Group remains a major anchor shareholder, providing patient capital and a multi-generational maritime perspective that shapes the company's counter-cyclical fleet expansion and tolerance for long-cycle asset accumulation.

Hafnia operates a commercial pool that manages third-party vessels alongside its own fleet. The pool collects freight revenues, deducts operating costs, and distributes earnings to participating owners on a weighted basis. This gives Hafnia a fee-based income stream and a larger commercial network without requiring additional capital for vessel purchases.

The core fleet is concentrated in medium-range (MR) and long-range 1 (LR1) product tankers, with a growing LR2 fleet added via the 2022 Scorpio Tankers acquisition. After the CTI acquisition in 2023, Hafnia also became the largest operator in the MR IMO II chemical tanker segment.

The fleet trades globally, with heavy exposure to routes connecting Middle Eastern and Asian refineries to importers in the Americas, Africa, and Europe. Singapore serves as the operational and commercial hub for these trades.

BW Group is an anchor shareholder and was instrumental in the 2014 merger that created the modern Hafnia. BW Group is the maritime conglomerate controlled by the Sohmen-Pao family, and its patient capital orientation influences Hafnia's long-horizon fleet strategy.

Hafnia is actively studying future fuel compatibility for its fleet — including methanol, ammonia, and biofuel blends — and participates in industry consortia for carbon intensity reduction. Its fleet renewal program prioritizes modern, eco-design vessels with lower fuel consumption per ton-mile.