Hafnia orders eight MR product tankers from Hyundai Heavy Industries

Singapore-based tanker owner Hafnia has commissioned the construction of eight medium-range (MR) product tankers at South Korea’s Hyundai Heavy Industries, as part of its ongoing fleet renewal strategy.

The contract is valued at approximately $405 million, with vessel deliveries scheduled between the third quarter of 2028 and the second quarter of 2029.

According to Hafnia, the newbuild series is expected to deliver operational consistency and efficiency gains across its MR segment, while supporting earnings stability and long-term fleet optimisation.

“We are pleased to return to Hyundai Heavy Industries with an order of eight modern MR vessels. This program secures early-delivery positions at a leading yard and builds on proven, fuel-efficient designs,” said Hafnia CEO Mikael Skov.

The company indicated that the vessels will incorporate fuel-efficient designs aligned with evolving environmental and regulatory requirements, contributing to its broader decarbonisation objectives.

“With a continued focus on fuel efficiency, these vessels support our pathway towards improved decarbonization while enhancing both our customer offering and long-term competitiveness. Overall, this agreement marks a strong commercial step in strengthening Hafnia’s long-term earnings base,” Skov added.

The order reinforces Hafnia’s presence in the MR tanker segment, which plays a central role in transporting refined petroleum products globally. The investment also reflects continued ordering activity at major South Korean shipyards, driven by demand for efficient and compliant tonnage.