
Hafnia remains a compelling, undervalued play on the tanker market, trading at an 11% discount to NAV. Booming rates, tight market conditions, and disciplined fleet renewal have driven Q1 EPS up 176.9% YoY and DPS up 183.4% YoY. Q2 earnings and dividends are set to rise further, with 73% of earning days covered at $46,600/day and payout policy potentially moving to 90%.










