Hafnia Initiates $100 Million Share Buyback Program

Hafnia ( (HAFN) ) has issued an update.

Hafnia Limited announced the initiation of a share repurchase program, aiming to buy back up to 18 million shares for a total of $100 million. The program is set to run from December 2024 to January 2025, but no shares were purchased between January 13 and January 17, 2025. This development is part of Hafnia’s strategic financial management, potentially impacting its market position and shareholder value.

More about Hafnia

Hafnia is a leading global tanker owner, specializing in the transportation of oil, oil products, and chemicals for major oil, chemical, and utility companies. It operates approximately 200 vessels and provides a comprehensive shipping platform, including technical management, commercial and chartering services, and a large-scale bunker procurement desk. With offices in Singapore, Copenhagen, Houston, and Dubai, Hafnia employs over 4000 individuals both onshore and at sea, and is part of the BW Group, a prominent international shipping group.

YTD Price Performance: -5.07%

Average Trading Volume: 2,600,479

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $2.78B

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