Hafnia has signed a contract to build eight medium-range product tankers at Hyundai Heavy Industries for about $405 million, with deliveries scheduled from the third quarter of 2028 to the second quarter of 2029, according to Hafnia.

The deal fixes fresh MR capacity at a defined price and delivery horizon as the owner pushes fleet renewal in its core segment.

Chief executive Mikael Skov said the company was “pleased to return to Hyundai Heavy Industries” and that the vessels are “proven, fuel-efficient designs” supporting disciplined renewal and strengthening long-term earnings capacity.

The disclosure is limited to headline terms. No technical specifications, financing structure or co-investors are identified. There is no separate confirmation from the yard or from HD Korea Shipbuilding & Offshore Engineering naming Hafnia in connection with the contract.

The verifiable facts remain the vessel count, yard, contract value and delivery schedule.

Hafnia is a tanker company engaged in the transportation of oil, refined petroleum products and chemicals, operating an integrated commercial and technical platform that includes chartering, pool management and bunker procurement, and forms part of the BW Group corporate structure.

Hyundai Heavy Industries is a South Korea-based shipbuilding company engaged in the construction of commercial vessels, offshore units and marine engines, operating within a broader industrial group focused on heavy manufacturing and maritime engineering.

HD Korea Shipbuilding & Offshore Engineering is a holding company coordinating strategy, engineering and project execution across affiliated shipbuilding entities within the HD Hyundai group structure.