Product tanker carriers have been under pressure to generate revenue since mid-2020, and Denmark-based Hafnia, part of BW Group in Singapore, is no exception.
The first quarter of 2021 resulted in a loss of USD 15.7 million against a profit of USD 77 million in the same period last year – a decline of just over USD 90 million. The fourth quarter of 2020 also ended in a loss.
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