Hafnia Investor Relations Material

Hafnia Limited is a Bermuda registered company and owns and operates oil product tankers. The Company's vessels mainly operate under long-term charters or contracts of affreightment (COAs), whereby the charterer typically provides the majority of the vessel's crew and pays for all operating expenses, including bunkers and repairs. In exchange, the charterer can engage in trading activities in connection with chartering out the vessel by use of its own crews. All of the Company's vessels are operating on long-term charters or COAs with significant earnings backlogs under which Hafnia Limited is entitled to receive ongoing charter hire payments. The company is a member of BW Group.