World News
Hafnia Completes Purchase of Stake in Tanker Firm Torm
Tuesday December 23, 2025
Hafnia has completed its acquisition of a minority stake in Danish tanker company Torm.
The deal, in which Hafnia has taken a stake of about 14% in Torm from Oaktree Capital Management, was first announced in September.
Following the completion of the acquisition, Oaktree now holds 26,425,056 A shares in Torm and Hafnia holds 14,156,061 A shares, Torm said in a statement on its website on Tuesday.
In September's announcement Hafnia said it views TORM as a 'well-managed company with a high-quality fleet' and sees consolidation as generally positive for the tanker sector, while stressing that no further decisions have been made on its long-term position.
Torm has a wholly owned fleet of about 90 vessels of 45,000-115,000 DWT in size.
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| $/mt | +/- | $/mt | +/- | |
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