Hafnia recorded a net profit of $277.8 million for the second quarter of 2026, up from $75.3 million in the corresponding period of 2025.
Time charter equivalent earnings reached $372.9 million during the three-month period, generating an average fleet rate of $44,093 per day.
The product tanker owner attributed the financial performance to sustained trade fragmentation as geopolitical unrest in the Middle East disrupted traffic through the Strait of Hormuz and the Bab el-Mandeb Strait.
Rerouted oil flows around regional chokepoints added substantial voyage distances, while global seaborne product exports dropped to 27.7 million barrels per day in July.
Outgoing Chief Executive Officer Mikael Skov described the outcome as the company's strongest quarterly performance since the third quarter of 2022.
Skov is scheduled to step down on September 1 after sixteen years at the helm, with Executive Vice President Søren Steenberg Jensen taking over the leadership role.
Fleet renewal activities continued during the quarter through the completed sale of one LR1 vessel, two MR vessels, and three Handy vessels. Higher vessel valuations across all segments helped lift the company's net asset value to approximately $4.4 billion by June 30.
Following reduced debt levels and strong cash generation, the company declared a dividend distribution of $250 million, representing a 90 per cent payout ratio. Looking ahead, the tanker owner reported that 80 per cent of its total fleet earning days for the third quarter were covered at an average of $30,716 per day as of August 17.