Hafnia, a product tanker owner under the BW Group, announced that it has confirmed the sale of 10 older oil tankers to external buyers, which are currently awaiting delivery. This move is part of Hafnia’s ongoing fleet renewal program and confirms recent market rumors regarding the disposal of several of its vessels. Shipbrokers estimate the total transaction value to exceed $200 million.
Specifically, the vessels for sale include four LR1 product tankers: the “Hafnia Shinano”/”Hafnia Seine” built in 2008, the “Hafnia Yangtze” and “Hafnia Zambesi” built in 2009 and 2010 respectively; two MR product tankers: the “Hafnia Leo” and “Hafnia Crux” built in 2013 and 2012 respectively; and four Handymax tankers: the “Hafnia Torres” built in 2016, and the “Hafnia Sunda”/”Hafnia Malacca”/”Hafnia Magellan” built in 2015.
Prior to the announcement of the aforementioned 10 vessel sales, Hafnia had already sold two vessels in January 2026: the MR product tankers “Hafnia Libra” and “Hafnia Phoenix”, with the relevant agreement reached at the end of 2025.
A Hafnia representative stated, “This sale is part of the company’s ongoing fleet modernization process, aimed at updating the fleet by divesting older vessels and acquiring new ones. Simultaneously, the company has received the final batch of vessels developed in its joint venture with France’s Socatra – the dual-fuel MR product tanker ‘Ecomar Gironde’.”
As of the end of the fourth quarter of 2025, Hafnia had 114 owned vessels and 9 chartered vessels, covering the four major market segments: LR2, LR1, MR and Handy.