Mikael Skov, CEO at Hafnia joined the Tanker Panel at Marine Money, 2025, New York alongside peers from TORM, Scorpio Tankers Inc., Ardmore, and Stolt-Nielsen, moderated by Fredrik Dybwad from Fearnley Securities.
As part of this panel, Mikael contributed Hafnia’s perspective on the core fundamentals shaping the product tanker market -from current fleet dynamics, constrained orderbooks, and evolving refinery margins, to the impact of shifting product trade flows. He highlighted how geopolitical instability, particularly tensions influencing oil movement from the Arabian Gulf, continues to affect market sentiment and risk management.
Capital allocation emerged as a central theme of the panel.
Mikael reiterated Hafnia’s focus on:
- Dividend discipline, maintaining a predictable policy appreciated by long-term investors
- M&A strategy, where Hafnia remains open to opportunities that are disciplined, synergistic, and accretive over time
- Leverage philosophy, favoring flexibility to adapt to a volatile macro environment
- Spot vs. TC exposure, which Hafnia treats as a dynamic balance – adjusting in tune with market conditions, not formulas.
Mikael and the panel additionally discussed their cautious optimism about the long-term fundamentals due to a growing share of the global fleet facing age-related phase-outs and ongoing sanctions, where the imbalance between supply and demand is expected to widen – supporting a strong future for product tankers.
The event also served as an opportunity to connect with partners, investors, and peers where Mikael attended Marine Money, New York together with Perry van Echtelt (CFO), Søren Steenberg Jensen, EVP (Asset Management) and Thomas Andersen. EVP (Investor Relations).
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