Page 34 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΟΚΤΩΒΡΙΟΣ 2024
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MANAGEMENT
An interview with Mikael Skov,
CEO of Hafnia
by Giannis Theodoropoulos
THE FUTURE ❶ What are the prospects for the prod-
uct tankers market, given that 90% of
OF SHIPPING WILL the orderbook is scheduled for delivery
in 2025-2027, suggesting significant
LIKELY INVOLVE potential for fleet growth during that
period?
MULTIPLE FUELS It’s crucial to understand that the clean products
and dirty products segments are not isolated enti-
ties. They are interconnected, and any changes
in one segment can have a ripple effect on the
entire transportation landscape. If VLCCs are
undersupplied in the future, Suezmaxes will have
to aid charterers with transportation needs, leaving
more demand for Aframaxes, and thus creating a
cascading effect down to smaller vessels.
It is important to also keep in mind that LR2s
account for over 70% of the current newbuild
program, more than 45% for 2025, and already
over 30 % for the following years. It seems evident
to us that more coated LR2s will need to enter the
The CEO of Hafnia analyses the prospects for DPP trade, as the large tankers – Suezmaxes and
product tankers, the progress of shipping on the VLCCs – make up the largest DWT capacity reach-
Diversity, Equity, and Inclusion (DEI) front, ing scrap age during the next four years.
and the reasons that led to his company’s dual Currently, the DWT scrap potential is about 35
listing on the NYSE. Mikael Skov also discusses the million DWT above the known newbuild program
development of technology in the shipping industry, up to 2028, which provides solid fundamentals for
suggesting that a multi-fuel strategy may be the the coming years. However, the tanker community
most practical way forward for shipping companies. needs to start focusing on the rapidly ageing fleet.
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