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Segment information (Tables)
 12 Months Ended
Dec. 31, 2024
Segment information [Abstract]  
Disclosure of Operating Segments
​
  
LR2
US$’000
    
LR1
US$’000
    
MR
US$’000
    
Handy
US$’000
    
Total
US$’000
  
2024
                              
Revenue (Hafnia Vessels and TC Vessels)
    
125,387
      
522,837
      
915,186
      
372,186
      
1,935,596
  
Revenue (External Vessels in Disponent-Owner Pools)1
    
86,168
      
318,499
      
438,245
      
90,139
      
933,051
  
Voyage expenses (Hafnia Vessels and TC Vessels)
    
(31,693
)
    
(142,405
)
    
(251,887
)
    
(118,332
)
    
(544,317
)
Voyage expenses (External Vessels in Disponent-Owner Pools)1
    
(34,080
)
    
(112,980
)
    
(156,931
)
    
(28,811
)
    
(332,802
)
Pool distributions for External Vessels in Disponent-Owner Pools1
    
(52,088
)
    
(205,519
)
    
(281,314
)
    
(61,328
)
    
(600,249
)
                               
TCE Income#
    
93,694
      
380,432
      
663,299
      
253,854
      
1,391,279
  
Other operating income2
    
2,374
      
6,824
      
11,001
      
3,533
      
23,732
  
Vessel operating expenses
    
(15,624
)
    
(64,451
)
    
(132,876
)
    
(65,090
)
    
(278,041
)
Technical management expenses
    
(1,947
)
    
(7,358
)
    
(13,619
)
    
(5,249
)
    
(28,173
)
Charter hire expenses
    
—
      
(8,974
)
    
(39,522
)
    
—
      
(48,496
)
Operating EBITDA
    
78,497
      
306,473
      
488,283
      
187,048
      
1,060,301
  
Depreciation charge
    
(13,837
)
    
(58,881
)
    
(107,936
)
    
(33,339
)
    
(213,993
)
​
                                    
846,308
  
Unallocated2
                                    
(67,855
)
Profit before income tax
                                    
778,453
  

 
#
“TCE income” denotes “time charter equivalent income” which represents revenue from time charters and voyage charters less voyage expenses comprising primarily brokers’ commission, fuel oil and port charges. TCE is a standard measure used in the shipping industry for reporting of income, providing improved comparability across different types of charters.

 
1
“External Vessels in Disponent-Owner Pools” means vessels that are commercially managed by the Group in the Disponent-Owner Pool arrangements that are not Hafnia Vessels or TC Vessels. See Note 2.3(a) for details on the accounting for pool arrangements.

 
2
 The unallocated amount consists of interest income and finance expenses, general and administrative expenses; and other operating income such as insurance claims and share of profit of equity-accounted investees which are not allocated to segments.

​
  
 
LR2
US’000
    

LR1
US’000
    
MR
US$’000
    
Handy
US$’000
    
Chemical-
Stainless
US$’000
    
Specialised
US$’000
    
Total
US$’000
  
2023
                                              
Revenue (Hafnia Vessels and TC Vessels)
    
111,164
      
536,309
      
901,038
      
364,814
      
(226
)
    
2,373
      
1,915,472
  
Revenue (External Vessels in Disponent-Owner Pools)1
    
55,221
      
288,512
      
283,857
      
128,644
      
—
      
—
      
756,234
  
Voyage expenses (Hafnia Vessels and TC Vessels)
    
(30,339
)
    
(151,725
)
    
(246,919
)
    
(118,772
)
    
(36
)
    
(1,074
)
    
(548,865
)
Voyage expenses (External Vessels in Disponent-Owner Pools)1
    
(19,416
)
    
(108,241
)
    
(106,141
)
    
(45,951
)
    
—
      
—
      
(279,749
)
Pool distributions for External Vessels in Disponent-Owner Pools1
    
(35,805
)
    
(180,271
)
    
(177,716
)
    
(82,693
)
    
—
      
—
      
(476,485
)
​
  

LR2
US$’000
    
LR1
US$’000
    
MR
US$’000
    
Handy
US$’000
    
Chemical-
Stainless
US$’000
    
Specialised
US$’000
    
Total
US$’000
  
TCE Income#
    
80,825
      
384,584
      
654,119
      
246,042
      
(262
)
    
1,299
      
1,366,607
  
Other operating income2
    
1,781
      
8,865
      
9,258
      
7,188
      
(705
)
    
3,747
      
30,134
  
Vessel operating expenses
    
(15,267
)
    
(66,884
)
    
(125,393
)
    
(61,211
)
    
(109
)
    
(5
)
    
(268,869
)
Technical management expenses
    
(1,656
)
    
(7,109
)
    
(11,711
)
    
(5,216
)
    
—
      
—
      
(25,692
)
Charter hire expenses
    
—
      
(9,234
)
    
(24,034
)
    
(1
)
    
—
      
(1,302
)
    
(34,571
)
Operating EBITDA
    
65,683
      
310,222
      
502,239
      
186,802
      
(1,076
)
    
3,739
      
1,067,609
  
Depreciation charge
    
(13,743
)
    
(58,099
)
    
(104,808
)
    
(32,784
)
    
—
      
—
      
(209,434
)
​
                                                    
858,175
  
Unallocated2
                                                    
(58,649
)
Profit before income tax
                                                    
799,526
  

 
#
“TCE income” denotes “time charter equivalent income” which represents revenue from time charters and voyage charters less voyage expenses comprising primarily brokers’ commission, fuel oil and port charges. TCE is a standard measure used in the shipping industry for reporting of income, providing improved comparability across different types of charters.
 
 
1
“External Vessels in Disponent-Owner Pools” means vessels that are commercially managed by the Group in the Disponent-Owner Pool arrangements that are not Hafnia Vessels or TC Vessels. See Note 2.3(a) for details on the accounting for pool arrangements.
 
 
2
The unallocated amount consists of interest income and finance expenses, general and administrative expenses; and other operating income such as insurance claims and share of profit of equity-accounted investees which are not allocated to segments.
 
​
  
LR2
US’000
    
LR1
US’000
    
MR
US$’000
    
Handy
US$’000
    
Chemical-
Stainless
US$’000
    
Total
US$’000
  
2022
                                    
Revenue (Hafnia Vessels and TC Vessels)
    
97,960
      
638,141
      
861,681
      
299,160
      
29,609
      
1,926,551
  
Voyage expenses (Hafnia Vessels and TC Vessels)
    
(24,526
)
    
(216,890
)
    
(259,479
)
    
(77,722
)
    
(1,238
)
    
(579,855
)
TCE Income#
    
73,434
      
421,251
      
602,202
      
221,438
      
28,371
      
1,346,696
  
Other operating income1
    
516
      
9,815
      
13,250
      
5,357
      
516
      
29,454
  
Vessel operating expenses
    
(15,022
)
    
(70,719
)
    
(110,483
)
    
(58,017
)
    
(9,662
)
    
(263,903
)
Technical management expenses
    
(1,296
)
    
(6,230
)
    
(9,510
)
    
(5,742
)
    
(849
)
    
(23,627
)
Charter hire expenses
    
—
      
(13,605
)
    
(19,549
)
    
—
      
—
      
(33,154
)
Operating EBITDA
    
57,632
      
340,512
      
475,910
      
163,036
      
18,376
      
1,055,466
  
Depreciation charge
    
(13,769
)
    
(58,012
)
    
(100,597
)
    
(33,527
)
    
(1,959
)
    
(207,864
)
​
                                            
847,602
  
Unallocated1
                                            
(89,335
)
Profit before income tax
                                            
758,267
  


 
#
“TCE income” denotes “time charter equivalent income” which represents revenue from time charters and voyage charters less voyage expenses comprising primarily brokers’ commission, fuel oil and port charges. TCE is a standard measure used in the shipping industry for reporting of income, providing improved comparability across different types of charters.
 
  1
The unallocated amount consists of interest income and finance expenses, general and administrative expenses; and other operating income such as insurance claims which are not allocated to segments.
Revenue by Major Customers by Reporting Segments
​
  

LR2
US’000
    

LR1
US’000
    
MR
US$’000
    
Handy
US$’000
    
Total
US$’000
    
Percentage
%
  
​
                                        
2024
    
24,598
      
159,532
      
112,969
      
15,712
      
312,811
      
10.9
%
2023
    
18,712
      
181,099
      
108,107
      
2,479
      
310,397
      
11.6
%
2022
    
11,697
      
162,019
      
102,833
      
7,189
      
283,738
      
14.7
%