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Posted by
Two Blokes Mon at 12:30 PM -
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Stock
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Hafnia has rebounded strongly, outperforming the S&P 500, as TCE rates and trade/tariff conditions improve after a challenging period. TCE rates have stabilized and show signs of recovery, aided by reduced competition from crude tankers and growing demand for clean product tankers. Valuation remains attractive at a P/NAV of 0.75x, with the market overly pessimistic, despite Hafnia's modern fleet and improved fundamentals.