With an annual dividend yield of 15.92%, Hafnia Limited (NYSE:HAFN) is included among the 12 Ultra-High Dividend Stocks to Buy for Income Investors.
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On May 28, Pareto analyst Eirik Haavaldsen downgraded Hafnia Limited (NYSE:HAFN) to Hold from Buy. The analyst also assigned a NOK 79 price target to the stock.
During Hafnia’s first-quarter 2026 earnings call, Chief Executive Officer Mikael Skov said the quarter was shaped by an unprecedented geopolitical disruption in global oil markets. He explained that the closure of the Strait of Hormuz significantly changed trade routes for both crude oil and refined products.
Skov said the situation became even more challenging due to attacks on Middle Eastern refineries, refinery production cuts, and export restrictions in parts of Asia. According to him, these events disrupted supply chains and trade flows across several regions.
He noted that the loss of an estimated 12.8 million barrels per day of global oil supply forced a rapid reshaping of crude and refined product transportation patterns. Skov added that the impact was partly offset by increased production from the Atlantic Basin and the International Energy Agency’s coordinated release of up to 400 million barrels from strategic reserves to help ease supply shortages.
Despite the difficult operating environment, Skov said Hafnia delivered another quarter of strong financial results. The company reported net profit of $179.7 million in the first quarter of 2026, including $32.5 million in gains from vessel sales. He also noted that Hafnia’s fee-based business contributed $7.8 million during the quarter.
Looking ahead, Skov said drydocking activity is expected to continue through the rest of 2026. The company currently expects around 300 off-hire days in the second quarter.
Hafnia Limited (NYSE:HAFN) is a tanker company whose principal activity is investment holding. The company operates across several segments, including Long Range II (LR2), Long Range I (LR1), Medium Range (MR), Handy, and Specialised vessels.
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