Hafnia Limited Common Shares (HAFN)

Competitors to Hafnia Limited Common Shares (HAFN)

DHT Holdings, Inc. 

DHT Holdings, Inc. competes with Hafnia in the tanker industry by also focusing on the transportation of crude oil. DHT operates a fleet focused on VLCCs, similar to Euronav. While DHT's operational scale and modern fleet are competitive advantages, Hafnia’s focus on a diverse range of product tankers allows it to tap into different markets, providing resilience in fluctuating oil demand, although DHT may have the edge in terms of fleet size.

Euronav NV 

Euronav NV and Hafnia Limited compete directly in the crude and product tankering market. Euronav is known for its extensive fleet of very large crude carriers (VLCCs), giving it an edge in the transportation of large volumes of oil. Euronav’s established reputation and customer base allow it to secure long-term contracts, which may provide better financial stability compared to Hafnia, potentially giving it a competitive advantage.

Frontline Ltd. 

Frontline Ltd. functions similarly to Hafnia in the maritime shipping industry, focusing on the transportation of crude oil. Frontline’s extensive fleet and established relationships with major oil companies provide it a considerable advantage when it comes to securing lucrative contracts. The sheer size of Frontline and its operational scale create bargaining power in negotiating terms with customers, setting it apart from Hafnia in competitive contexts.

Teekay Tankers Ltd. 

Teekay Tankers Ltd. competes with Hafnia Limited in the product transportation sector, specifically in the transportation of crude oil and refined products. Both companies operate a fleet of tankers and strive to offer reliable shipping solutions to their clients. Teekay has a broader global reach and a more diversified fleet, which can provide it with a competitive advantage in terms of operational flexibility and market presence.