ABN Amro: Attractive potential in Hafnia Tankers

The major Dutch bank initiates its coverage of Hafnia Tankers with a recommendation to buy based on the carrier's earnings potential as well as an attractive share price.

Photo: Hafnia Tankers

Dutch bank ABN Amro has launched its coverage of the Danish-based product tanker carrier Hafnia Tankers with a recommendation to buy, citing the carrier's earnings potential in a solid product market in coming years along with an attractive share price.

The bank's shipping analysts, Glenn Lodden and Wilhelm Flinder in Oslo, projet that Hafnia Tankers with a current fleet of 42 vessels, including seven newbuildings, as well as five chartered ships, will exit 2015 with a net result of USD 39.6 million, increasing to USD 65.3 million and USD 76.1 million in 2016 and 2017, respectively.

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