Singapore-based tanker owner Hafnia has placed an order for the construction of eight fuel-efficient product tankers with the South Korean shipbuilder Hyundai Heavy Industries.
The total purchase price for the medium-range (MR) newbuild product tankers is approximately $405 million, with deliveries expected between the third quarter of 2028 and the second quarter of 2029.
Hafnia said that the series delivers scale benefits and predictable performance across the fleet whilst strengthening earnings quality and supporting disciplined renewal of the company’s MR segment.
“We are pleased to return to Hyundai Heavy Industries with an order of eight modern MR vessels. This program secures early-delivery positions at a leading yard and builds on proven, fuel-efficient designs,” said Hafnia’s CEO Mikael Skov .
“With a continued focus on fuel efficiency, these vessels support our pathway towards improved decarbonization while enhancing both our customer offering and long-term competitiveness. Overall, this agreement marks a strong commercial step in strengthening Hafnia’s long-term earnings base.”
Hafnia and its joint venture partner, French shipowner Socatra, took delivery of their final dual-fuel methanol MR tanker from China’s Guangzhou Shipyard International (GSI) in January, as part of a four-vessel order from August 2023 .
The first two tankers in this series, Ecomar Gascogne and Ecomar Guyenne , were handed over to Hafnia and Socatra in January and May 2025, respectively, while the third vessel, Ecomar Garonne , was delivered in August 2025.