Hafnia Limited reported a net profit of $277.8 million for the second quarter of 2026, up from $75.3 million a year earlier, as disruptions around the Strait of Hormuz and Bab el-Mandeb redirected oil cargoes onto longer routes and lifted product-tanker freight rates. Earnings per share rose to $0.56 from $0.15, while time charter equivalent earnings increased to $372.9 million and adjusted EBITDA more than doubled to $287.3 million. The Singapore-based owner declared a $250 million dividend, or $0.5003 per share, representing a 90% payout ratio and its 18th consecutive quarter of shareholder distributions. Net loan-to-value fell to 13.0% from 20.2%, helping lift net asset value by about $400 million to roughly $4.4 billion. Hafnia had 80% of third-quarter earning days covered at $30,716 per day as of August 17, but management warned that demand forecasts, future vessel supply and geopolitical developments will remain key risks. CEO Mikael Skov will step down on September 1 after 16 years, with Søren Steenberg Jensen set to succeed him.