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Hafnia reports USD 77 million profit for first quarter

Hafnia reaped the rewards of the boom the tanker market experienced in the first three months of 2020, reporting a net result of USD 77 million, according to the report.

Photo: PR / Hafnia

Product tanker operator Hafnia reports a profit after taxes of USD 77 million for the first three months of 2020, according to the interim report published Monday morning.

The Danish shipping company thus puts numbers on the rewards it has reaped from the boom that has pushed the entire sector forward since the beginning of the year, and which has first and foremost been driven by the extremely low oil prices, which have resulted in a historic trade activity.

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