Hafnia Limited is a Singapore public company limited by shares that operates as one of the world’s largest owners and operators of chemical and product tankers. The company provides transportation of oil and oil products as well as various chemicals to leading international oil companies national oil companies major chemical companies and trading and utility companies worldwide. Its fleet is employed through a combination of owned vessels time chartered‑in vessels sale and lease‑back arrangements and joint venture vessels. Hafnia Limited manages its operations via commercial pools and in‑house technical and commercial teams to serve a global customer base throughout the year.

Hafnia Limited generates revenue primarily by chartering its vessels to customers under time charters voyage charters and contracts of affreightment. The company earns freight revenue from the employment of its Hafnia Vessels TC Vessels and Joint Venture Vessels in pools such as the LR1 Pool LR2 Pool MR Pool Chemical‑MR Pool Handy Pool Chemical‑Handy Pool Panamax Pool and Specialised Pool. Revenue is also derived from long‑term time charters with major energy companies and from the share of earnings in its joint ventures including Vista Joint Venture Andromeda Joint Venture and Ecomar Joint Venture. Additionally the company receives management fees from third‑party vessels placed in its pools.

The company operates through the following segments:

• LR2 segment comprises Long Range II vessels with deadweight capacities between 85 000 and 124 999 dwt that transport a wide range of oils and oil products including gasoline diesel naphtha kerosene fuel oil and crude oil. These vessels trade in the LR2 Pool or are employed on long‑term time charters with customers such as Total Equinor and CSSA.

• LR1 segment comprises Long Range I vessels with deadweight capacities between 55 000 and 84 999 dwt that carry similar oil and oil products. LR1 vessels operate in the LR1 Pool the Panamax Pool or on time charters with charterers including Mercuria Shipping Pte Ltd and various third‑party owners.

• MR segment comprises Medium Range vessels with deadweight capacities between 40 000 and 54 999 dwt that transport oil products vegetable oil easy chemicals and crude oil. MR vessels are employed in the MR Pool the Chemical‑MR Pool or on time charters with customers such as Valero Petco Trading Labuan Company Ltd BP Vitol and Marathon Maritime Company.

• Handy segment comprises Handy size vessels with deadweight capacities between 25 000 and 39 999 dwt that carry oil products chemicals and vegetable oil. Handy vessels trade in the Handy Pool the Chemical‑Handy Pool or on time charters with customers such as ST Shipping and Transport Pte Ltd and International Shipping and Transportation Company Limited.

Hafnia Limited holds a strong position within the global tanker industry as one of the largest operators of chemical and product tankers with an operated market share of approximately 4.3 % of product tankers worldwide in the segments it serves. The company competes against other publicly listed tanker owners major oil companies state‑controlled entities and private shipowners. Competitive advantages include a relatively young fleet with average ages significantly below the world averages for LR2 LR1 MR and Handy vessels a diversified portfolio across multiple vessel sizes and product types an integrated pooling system that optimizes earnings and reduces idle time and strategic joint ventures that provide access to newbuild programs and long‑term charters with major energy companies.

The customer base of Hafnia Limited consists of leading international oil companies national oil companies major chemical companies trading companies and utility companies. Specific charterers mentioned in the filing include Total Equinor Clearlake CSSA Valero Petco Trading Labuan Company Ltd BP Vitol Marathon Maritime Company Mercuria Shipping Pte Ltd and Orient Oil Express Pte Ltd. The company also serves customers through its joint ventures with partners such as Cargill Socatra Andromeda Shipholdings and CSSC.