Hafnia suffers another deficit in third quarter due to weak tanker market

The strained tanker market triggered a loss for Hafnia in the third quarter. Following the recent announcement of the acquisition of Chemical Tankers, Hafnia expects improvement in the fourth quarter while maintaining a positive market outlook.

Photo: Hafnia

Product tanker operator Hafnia exits the third quarter of the year with a substantial deficit in a market with low freight rates.

Hafnia, a subsidiary of the large BW Group, books revenue of USD 189.5 million in the third quarter against USD 165.5 million in the third quarter of 2020, according to financials released Thursday.

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