Page 38 - ΝΑΥΤΙΚΑ ΧΡΟΝΙΚΑ - ΟΚΤΩΒΡΙΟΣ 2024

MANAGEMENT

While the outcome of the US elections can influ-
ence market sentiment and economic policies,
Hafnia’s performance in the US capital markets is
primarily driven by global factors within the mari-
time and energy sectors. Changes in regulations,
trade policies, or environmental laws resulting
from an election could have an indirect impact
on our industry. However, Hafnia’s strong opera-
tional fundamentals, large fleet, and commitment
to sustainable growth place us in the position to
navigate varying market conditions regardless of
the political environment. Amidst the political cli-
mate in the USA, we continue to focus on creat-
ing long-term value and maintaining transparency
with our investors.

❻ Hafnia recently took delivery of its
fourth LNG-fuelled vessel. The com-
pany has also invested in methanol-fu-
elled newbuildings and biofuels bun-
kering and has installed technological
solutions aiming at slashing emissions
during vessel drydocks. Is there “one
fuel to rule them all” or will the future
of the shipping industry entail multiple
fuels and a vast array of technological
Credit: Hafnia and, last but not least, improve the quality of life solutions?
for our seafarers, their families, and loved ones, The future of the shipping industry will likely
who can now stay in touch daily via instant mes- involve multiple fuels, especially in the short to
saging and video calls. medium term. However, we shouldn’t discount
the role of new technologies.
❺ What are the reasons that led to Hafnia’s Ammonia, for example, shows promise due to its
dual listing on the NYSE? Do you think potential for carbon-free combustion and existing
that the outcome of the US elections will infrastructure but also presents safety challenges
have an impact on Hafnia’s performance that need to be addressed. A recent incident in
in the US capital markets? Singapore involving an oil spill from a barge col-
Hafnia’s decision to pursue a dual listing on the lision raises the question: what if that had been
New York Stock Exchange (NYSE) was driven by an ammonia barge? Additionally, it will take time
the desire to enhance access to global investors and for ammonia to mature as a viable option, neces-
strengthen our position in the international market. sitating investments in education and training
As of 9 April 2024, Hafnia’s common shares began to safely handle it. Still, it could become part of
trading on the NYSE under the ticker “HAFN”, while the solution.
continuing to be listed on the Oslo Stock Exchange At the same time, other alternatives like hydro-
under “HAFNI”. This dual listing reflects our com- gen, methanol, biofuels, LNG, and synthetic fuels
mitment to expanding our investor base and foster- are gaining momentum. Each fuel has its own
ing greater transparency and liquidity in our shares. advantages and challenges, and the choice will
The NYSE is the world’s largest capital market, pro- depend on factors such as specific applications,
viding Hafnia with greater visibility and the opportu- regulatory changes, technological progress,
nity to engage with a more diverse investor base. By and economic viability. Given this complexity,
listing on the NYSE, we aim to tap into this broader a multi-fuel strategy may be the most practical
pool of investors, including institutional investors way forward, allowing the industry to leverage
and retail traders in the US, who are looking for the strengths of different fuels to meet energy
exposure to the dynamic maritime industry. needs and decarbonisation goals. For instance,
In a nutshell, this milestone reflects our active while companies initially bet on methanol, they
management approach and dedication to cre- are now reconsidering LNG as a potential leader,
ating long-term value for our shareholders while suggesting that LNG could become a key fuel for
enhancing our global presence. the short to medium term.

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