Pareto Revises Hafnia (HAFN) Rating to Hold From Buy

Photo by Annie Spratt connected Unsplash

On May 28, Pareto expert Eirik Haavaldsen downgraded Hafnia Limited (NYSE:HAFN) to Hold from Buy. The expert besides assigned a NOK 79 terms people to the stock.

During Hafnia's first-quarter 2026 net call, Chief Executive Officer Mikael Skov said the 4th was shaped by an unprecedented geopolitical disruption successful planetary lipid markets. He explained that the closure of the Strait of Hormuz importantly changed commercialized routes for some crude lipid and refined products.

Skov said the concern became adjacent much challenging owed to attacks connected Middle Eastern refineries, refinery accumulation cuts, and export restrictions successful parts of Asia. According to him, these events disrupted proviso chains and commercialized flows crossed respective regions.

He noted that the nonaccomplishment of an estimated 12.8 cardinal barrels per time of planetary lipid proviso forced a accelerated reshaping of crude and refined merchandise proscription patterns. Skov added that the interaction was partially offset by accrued accumulation from the Atlantic Basin and the International Energy Agency's coordinated merchandise of up to 400 cardinal barrels from strategical reserves to assistance easiness proviso shortages.

Despite the hard operating environment, Skov said Hafnia delivered different 4th of beardown fiscal results. The institution reported nett net of $179.7 cardinal successful the archetypal 4th of 2026, including $32.5 cardinal successful gains from vas sales. He besides noted that Hafnia's fee-based concern contributed $7.8 cardinal during the quarter.

Looking ahead, Skov said drydocking enactment is expected to proceed done the remainder of 2026. The institution presently expects astir 300 off-hire days successful the 2nd quarter.

Hafnia Limited (NYSE:HAFN) is simply a tanker institution whose main enactment is concern holding. The institution operates crossed respective segments, including Long Range II (LR2), Long Range I (LR1), Medium Range (MR), Handy, and Specialised vessels.

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