Hafnia, the world’s largest product tanker owner, has revealed it is moving for a New York listing to go alongside its existing position on the Oslo Bors, a move other owners have pursued recently.
While announcing a $146.9m net profit for Q3 today, Mikael Skov, the CEO of the BW Group subsidiary, said Hafnia is currently working towards a secondary listing in the US.
“Our goal is for Hafnia to reach out to a wider shareholder base, access the world’s largest capital market and improve the share liquidity for all our shareholders,” Skov said.
“Limited color is yet given on timing, though, as we have seen before, these types of exercises has previously been helpful for both liquidity and pricing,” stated a note to clients this morning from Oslo-based Fearnleys.
BW LPG and Greece’s Okeanis Eco Tankers are among other owners to have pursued similar dual listing plans recently.
