11 Best Marine Shipping Stocks to Invest in Now

8. Hafnia Limited (NYSE:HAFN)

Number of Hedge Fund Holders: 15

Hafnia Limited (NYSE:HAFN) owns and operates oil product tankers. After a strong first 9 months in 2024, the product tanker market softened in Q4 2024, impacted by crude sector cannibalization of the product tanker space and shorter voyages, partly mitigated by high daily loadings. Despite the shift in broader market dynamics in Q4 2024, Hafnia Limited (NYSE:HAFN) exhibited resilience in navigating the market, posting a net profit of US$79.6 million in Q4 2024. Overall, the company focused on optimizing the existing assets rather than expanding its fleet, which aided profitability. Its adjacent fee-generating business segments performed well, posting full-year revenue of US$35.2 million.

While Q4 2024 saw rate pressures coming from increased crude tanker cannibalization, trade volumes and tonne-miles were at elevated levels, thanks to the robust global demand. Moving forward into 2025, Hafnia Limited (NYSE:HAFN) believes that the fundamental drivers of its business remain solid.  On the supply side, the product tanker orderbook-to-fleet ratio is ~22% as of February 2025. However, long-term fundamentals remain positive as a growing number of tankers over 20 years old are likely scrapping candidates. Hafnia Limited (NYSE:HAFN)’s growth is expected to be driven by its focus on making strategic investments in technology and innovation while, at the same time, using the extensive fleet capabilities.