Risk Factors
We face a number of risks associated with our business and shipping industry and must overcome a variety of challenges to utilize our strengths and implement our business strategies. These risks relate to, among others, changes in the shipping industry, including supply and demand, charter rates, ship values, a downturn in the global economy, operational hazards inherent in the tanker shipping industry and operations resulting in liability for damage to or destruction of property and equipment, pollution or environmental damage, inability to comply with covenants in our current indebtedness and borrowings we may enter into in the future, inability to finance capital projects, and inability to successfully employ our ships at the expiration of current charters.
You should carefully consider these risks, the risks described in “Risk Factors” and the other information in this prospectus and in our Annual Report and the other documents incorporated by reference herein before deciding whether to invest in our ordinary shares.
Corporate Information
We are a Singapore public company limited by shares. On October 1, 2024, Hafnia transferred its registration from Bermuda to Singapore pursuant to a scheme of arrangement between the Company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981, as amended, and Part 10A of the Singapore Companies Act 1967.
Prior to this, we had been incorporated in Bermuda since April 29, 2014. We have operated under the name Hafnia Limited from January 16, 2019 to the date hereof, under the name BW Tankers Limited from February 13, 2018 to January 16, 2019, and under the name BW Pacific Limited from our incorporation on April 29, 2014 to February 13, 2018. We are a holding company, and all of our operations are performed through our subsidiaries.
Our principal executive office is located at 10 Pasir Panjang Road, #18-01, Mapletree Business City, Singapore 117438 and our telephone number is +65 6434 3770. Our agent for service of process in the United States is Hafnia US, LLC and its address is c/o Corporation Service Company, 251 Little Falls Drive, Wilmington, New Castle County, Delaware, 19808, United States. We also have offices in Copenhagen (Denmark), Houston (United States), Mumbai (India), Dubai (United Arab Emirates) and Monaco.
Our website is https://www.hafnia.com. The SEC maintains a website that contains reports, proxy and information statements, and other information that we and other issuers file electronically at www.sec.gov. Information that is or will be on or accessed through such websites does not constitute a part of, and is not incorporated by reference into, this prospectus.
Other Information
We are a Singapore public company limited by shares, and as a consequence, you may encounter difficulty protecting your interests as a shareholder, and your ability to protect your rights through the U.S. federal court system may be limited. Please refer to the sections entitled “Risk Factors” and “Enforceability of Civil Liabilities” in the prospectus for more information.
Recent Developments
Exit from Andromeda Joint Venture
In July 2026, we completed the sale of our 50% interest in two MR vessels held through a joint venture with International Andromeda Shipping resulting in a gain of $13.3 million, which was the share of profit attributable to the Company.
Completion of $330 million facility in August 2026
On August 21, 2026, our wholly-owned subsidiary Hafnia SG Pte. Ltd. entered into a $330 million reducing revolving credit facility (the “MUSD 330 Facility”) with a syndicate comprising BNP Paribas, China Merchants Bank, DBS Bank, IYO Bank, Oversea-Chinese Banking Corporation, Société Générale and Standard Chartered Bank with BNP Paribas as facility coordinator and agent. The MUSD 330 Facility was established to refinance two debt facilities and for general corporate purposes, with a security package comprising 17 vessels. The MUSD 330 Facility will mature on August 26, 2033.
The MUSD 330 Facility bears an interest rate of daily non-cumulative compounded SOFR plus a margin. As at August 30, 2026, there is no outstanding amount under the MUSD 330 Facility.