Hafnia calls for more mergers – climate and digitization exclude small players

Following its failed attempt to acquire Ardmore Shipping last year, Hafnia CEO Mikael Skov now calls for more consolidation in product tanker. Large investments in climate and digital solutions make it difficult for smaller players to keep pace, he tells ShippingWatch.

Photo: PR/Hafnia

It is becoming increasingly evident that smaller product tanker carriers are finding it hard to keep up with the large carriers, particularly in terms of earnings capacity, climate requirements and digitizing the tanker sector.

Or that is at least the rather matter-of-fact analysis from product tanker carrier Hafnia, which once more calls for consolidation in product tanker.

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