<\/p>\n
Denmark-based shipping company\u00a0Hafnia has posted a net profit of $97.7 million for the second quarter of the year, claiming the best quarterly result in the company’s history despite uncertainties caused by COVID-19. <\/p>\n
The company’s net profit for the first six months amounted to $ 174.8 million with a total dividend of $ 77.2 million. <\/p>\n
” Due to Covid-19, we are now all living with confinement restrictions, leading to unprecedented demand destruction and weak economic fundamentals. This negatively impacts our short to medium-term market outlook,” <\/em>Mikael Skov, CEO of Hafnia said.<\/p>\n “We are very proud of establishing the Hafnia Specialized pool, adding an additional pillar to our successful pool management business. In addition, we have invested together with a strategic joint venture partner in a methanol project, exemplifying our strategy to look at sustainable and modern shipping technologies.” <\/em><\/p>\n Hafnia further revealed that in the third quarter, it invested $10 million for 3.33% of a pre-FID methanol project, via a joint venture with a strategic partner.<\/p>\n The project will focus on converting regionally sourced natural gas to methanol with a 3.6 million tonnes per annum production capacity of which the JV will be transporting one-third of the methanol produced on 19-years contracts.<\/p>\n In addition to investing in the methanol plant, the JV will be building the vessels transporting their share of the methanol, the company said.<\/p>\n At the end of the quarter, Hafnia had 87 owned vessels and 15 chartered-in vessels. The total fleet of the group comprises six LR2s, 36 LR1s, 47 MRs and 13 Handy vessels owned\/operated. <\/p>\n These include four LR1s and two LR1 newbuilds owned through 50% ownership in the Vista Joint Venture with CSSC (Hong Kong) Shipping.<\/p>\n In August 2020, Hafnia Shenzhen, a LR1 newbuild under the Vista Joint Venture, was delivered. Hafnia America, a 2006 built LR1 vessel, was sold for $ 11.6 million net in Q3 2020. <\/p>\n<\/p>\n The post Hafnia reports best-ever quarterly results, invests in methanol project<\/a> appeared first on Offshore Energy<\/a>.<\/p>\n world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":" Denmark-based shipping company\u00a0Hafnia has posted a net profit of $97.7 million for the second quarter of the year, claiming the best quarterly result in the company’s history despite uncertainties caused by COVID-19. The company’s net profit for the first six months amounted to $ 174.8 million with a total dividend of $ 77.2 million. ” …<\/p>\n","protected":false},"author":1,"featured_media":16485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[2094,5295,1270,3856,125,2773,1231,2096],"class_list":["post-16484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-bestever","tag-hafnia","tag-invests","tag-methanol","tag-project","tag-quarterly","tag-reports","tag-results"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/16484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=16484"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/16484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/16485"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=16484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=16484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=16484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}